Brief by Shorts91 Newsdesk / 04:49am on 11 Mar 2025,Tuesday India Global
Former Reserve Bank of India (RBI) Deputy Governor Viral Acharya believes Donald Trump’s tariffs on Indian goods may benefit India by pushing the government to lower trade barriers. Acharya told Bloomberg that increased competition would force Indian firms to raise standards, leading to better jobs and a stronger manufacturing base. He emphasized that strategic partnerships with foreign companies could drive innovation and knowledge transfer. Acharya suggested phased tariff reductions to ensure a predictable policy environment. Trump’s reciprocal tariff plan, set for April 2, 2025, could significantly impact Indian exports.
