(Jan 9): India’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 advance estimates show the economy expanding 7.4% in the year ending in March, extending India’s world-beating growth streak. Risks from US trade policy also remain high. President Donald Trump’s punitive 50% tariffs on Indian goods, partly linked to New Delhi’s purchases of Russian oil, added to the uncertainty. Subramanian sought greater flexibility in currency policy, arguing that exporters need support amid external shocks.

Source: The Edge Markets January 09, 2026 08:53 UTC