New Delhi, Sept. 25 -- Chief Economic Adviser V Anantha Nageswaran has described the United States' trade restrictions, tariffs and the Graham Act as part of a broader pattern of "sustained coercion" aimed at pushing countries to align with competing geopolitical blocs.
Nageswaran said the global economy could increasingly be shaped by two or three competing blocs, with geopolitics having a growing influence on trade, technology and energy.
"You might say that the US itself is not fighting, given the optics you are seeing with respect to the Summit, but the truth is maybe there are two or three competing blocs, maybe two major blocs," he said.
According to the CEA, measures such as the Graham Act and trade restrictions should be viewed i...