India is bracing for potential trade turmoil with the US as proposed 50% tariffs loom. Economist Swaminathan Aiyar suggests the dispute transcends trade, implicating geopolitics due to India’s stance on Russian crude oil. Aiyar cautions about the impact on India’s defense ties with the US, questioning future arms purchases if treated unfavorably.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets