Time to focus on export-led Indian miracle as US leans toward isolationism

It is surprising that India has not followed this path even though there have been plenty of examples of export-led economic miracles from the 1950s closer home

In the mid-1990s, when Indian companies were struggling to handle an economic slowdown and high interest rates, I had developed a rule of thumb to filter high-quality companies: Does the company earn a significant part of its revenues from export? The logic behind this was straightforward. If a company could thrive in the fiercely competitive global marketplace, despite India’s red tape, poor infrastructure, and high taxes, it must be running high-quality operations. Of course, one had to be cautious. Back then, tax breaks and subsidies for export often led to inflated figures and the risk of “fake export”. But this