Nilkanth Misrea, chief economist at AXis Bank, member of the Prime Minister’s Economic Consultative Council, said during a conversation in her conversation at The Axis Bank and member of the Prime Minister’s Economic Consulting Council, during a chat on the fire side in The Axis Bann Bt India@100 summit.
In response to US President Donald Trump’s recent tariff targeting India and other economies, Merya said that this step should be seen as a more negotiating maneuver than a clear strategic shift. “The signs are fateful, yes, but this is not an attempt to seize India,” he said. “Even close allies such as Taiwan, Japan and Korea are struggling to explain the American position.”
He warned that the definitions – which are 18 % average – will eventually affect American consumers than Indian exporters. “The United States government may bring together between 500 and 600 billion dollars through definitions, but these funds will mostly come out of American shoppers,” Michera pointed out. He also pointed to an increase in overcoming concession and shipping, with the variation of commercial data-especially between China and the United States-revealed how companies are avoided after 2017.
On the local front, Mishra acknowledged the absence of a long -awaited Capex boom, but stressed that India’s economic base has become much stronger. “The cost of capital in India is now the slightest it has been since independence. The good classification company can now borrow 10 years of money by only 7 %,” highlighted, thanks to this to sustainable financial improvement and infrastructure.
When the comparisons are rejected with the rapid development path in China, Michera called for an Indian approach to a slower but more stable. He said, “We are not trying to win a race. We are trying to build something sustainable and sustainable.” “It seems as if we were driving 20 km per hour on a rugged road – it’s slow, but it is safe.”
He warned that low -income consumption is still under pressure due to real stagnant wages and extra workers, but he expected strong growth in the services sector in India. “From health care and education to global power centers, our services can pay the next wave of growth. In a world that needs a young skilled talent, India is in a good leadership position,” and concluded.
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