India’s economy is stronger than Trump thinks
India has long benefitted from geopolitical arbitrage, maintaining working relationships with Russia, the US, and Europe. But this delicate balancing act is now being tested by a series of policy shocks delivered by US president Donald Trump’s administration.
These disruptions, unlikely to ease anytime soon, raise a critical question: Can India retain its status as the world’s fastest-growing major economy?
The most urgent challenge facing Indian policymakers is weathering the escalating trade war. In August, Trump imposed a 50% tariff on Indian imports, citing the need to reduce India’s trade surplus with the US and punish the country for its massive purchases of Russian oil.
Adding to the pressure, Trump has urged the European Union and other G7 countries to take even harsher steps – namely, to impose a 100% tariff on imports from India and China.
Trump’s decision to hike H-1B visa fees to US$100,000 represents yet another blow to India’s economy, particularly its IT…
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