india: As India tries targeted intervention to improve exports, there are creases that need to be ironed out

In economics, there is a concept of intra-industry trade, which is trading in similar items. For example, China exports Lenovo computers to Japan and in return imports Sony computers. When countries trade in similar technology-intensive items, trade becomes mutually beneficial. And trading partners get access to each other’s market, leading to the availability of a bigger variety of products to their consumers. To top it all, they don’t have to