From wheat to steel, India can't afford to lose the world's trust on trade

Indian Prime Minister Narendra Modi often speaks of “trusted” supply chains. At the G-20 last year, he said that global supply chains depend upon “trust, transparency, and timeframes”; he’s made a similar pitch for Japan, the United States and Australia to “trust” India as a trade partner.
 

And he’s right: The only chance that countries such as India have to entice value chains away from China is by focusing on resilience and reliability.

Yet the actions of Modi’s government are severely undermining his argument. India has responded to rising global commodity prices by unexpectedly blocking exports of sugar and wheat;