MYTH 1: India is a emerging economy. NO India is a re-emerging economy that until the 17th century combined with China contributed 33% of world GDP(Please refer Angus Madison's groundbreaking work on world economy). The west entered the game much later and adopted questionable and coercive methods to get a slice of the growing pie.
MYTH 2: Western world is a devotee and a die-hard believer in free trade and enterprise and now a narrative has gained ground that India is impeding free trade. Irony has died a million deaths! The WEST distorted and created barriers to free trade starting from the 17th century. They coerced and imposed heavy tarriffs,duties on indian products that inflicted heavy losses on indian industry. See how fiercely USA is protecting their cotton farmers but is denying India some leeway. And western media is painting India as the villain!
If you have read this far I thank you and appreciate your patience.
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