India’s Economy at Risk From Higher Tariffs, Says Former Adviser
The Jawaharlal Nehru Port in Navi Mumbai, Maharashtra, India.
Photographer: Dhiraj Singh/BloombergIndia’s economy is not showing signs of a robust recovery and the risk of higher US tariffs as well as increased dumping of low-cost Chinese goods could weaken the outlook, former Chief Economic Adviser Arvind Subramanian said in an interview.
Data released this week as part of government’s advance estimates show the economy expanding 7.4% in the year ending in March, extending India’s world-beating growth streak.