Donald Trump’s claim about India agreeing to reduce tariffs to “almost nothing” has been dismissed by economist Swaminathan Aiyar as unpredictable rhetoric. Aiyar argues that Trump’s tariff war is more about geopolitics, stemming from India’s stance on Russia and oil imports. Despite external pressures, India’s economy shows resilience, with GDP growth surpassing expectations, indicating a capacity to withstand tariff pressures.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets