Chan, S. (April 11, 2019). Why India is one of world's most protectionist countries. Retrieved from https://www.bbc.comews/business-47857583

1. When Narendra Modi came to power in 2014, he promised to boost India's already impressive growth through further economic liberalisation. And the new government took bigsteps to make doing business easier, says Rick Rossow, former deputy director at the US- India business council. For example, it combined more than a dozen levies into one national sales tax that helped goods to move seamlessly across state borders. Yet when it comes to its trade, there has been no such progress, with some even accusing the country of travelling backwards. US President Donald Trump has repeatedly attacked Indian duties on Harley Davidson motorcycles and American whiskey, despite trade between the two countries having boomed in recent years. In its latest report on global trade barriers, the US trade department singles out India as having the highest tariffs "of any major world economy" - averaging 13.8%. It describes Indian trade policy as opaque, unpredictable. and says it oftenleaves US firms drowning in paperwork. Source: Chan, S. (April 11, 2019). Why India is one of world's most protectionist countries. Retrieved from https://www.bbc.comews/business-47857583 The BBC article on India's protectionist policies highlights concerns on the extensive quantitative restrictions on imports that are still present in the global economy. Restrictive measures such as tariff and quote curbing imports have an impact on the overall welfare ofthe economy. Using appropriate diagram, evaluate the impact of tariff and quota on the economy. (20 marks)