Neelkanth Mishra Decodes Trump Tariff's Impact On India's GDP, Importing Russian Oil & More
Автор: NDTV Profit
Загружено: 2025-08-04
Просмотров: 21618
India can weather the economic turbulence created by US President Donald Trump's tariff policies by making its export industries more cost-competitive and refraining from reciprocal actions, according to Axis Bank Chief Economist Neelkanth Mishra. With regards to India's tariff differential with Asian peers, Indonesia and Vietnam, Mishra said that to make up for the five percentage points gap, the country needs to make its manufacturing more cost-competitive in areas like apparel and footwear. "Steps have to be taken in terms of policies to support industries and bring down the cost of manufacturing. Only monetary and fiscal subsidies will not be sufficient," he said.
#india #america #tariff
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