India stands alone against China-backed WTO investment pact

While India is keen to find a solution, for almost 30 years, it has used this as a bargaining chip at every meeting, realising that an imposition of duty on streaming and downloads is set to generate revenue for it and others and put those such as the US at a disadvantage. But, for a change, India, the US, Russia and Pakistan are on the same side in their pitch for a reform of the 31-year-old multilateral body.

By SIDHARTHA