"A tax on imports is a tax on exports!" says FED Director Rahul Ahluwalia. "'Big companies don't go to some place to manufacture because we offer them that we'll raise up tariff walls. In fact, if anything, this reduces the confidence that companies have!' Ahluwalia feels such protectionist measures stem from the mistaken notion that India considers itself to be a big market — which, he says, is not correct from a per capita or spending power parameter," writes K. Sunil Thomas for The Week. Read more.