What is friendshoring?

US treasury secretary Janet Yellen, who was in New Delhi recently, said the US will pursue the 'friend-shoring' approach with trusted allies like India. But what is 'friend-shoring'? Let's find out

Raghav Aggarwal New Delhi

Finance Minister Nirmala Sitharaman and US Treasury Secretary Janet Yellen termed inflation as their biggest challenge. Photo: PTI

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1 min read Last Updated : Nov 17 2022 | 12:32 PM IST

US treasury secretary Janet Yellen, who was in New Delhi last Friday, said that her country will pursue the ‘friend-shoring’ approach with trusted allies like India. But what is ‘friend-shoring’? Let us find out in this segment of the podcast.