‘Give temporary support to tariff-affected sectors’
ADB chief economist Albert Park affirms India's robust 6.5% growth forecast, second highest in Asia, despite modest impacts from Trump tariffs on goods exports. He advises India to negotiate with the US, pursue internal tariff reforms, and embrace competition, even from China. Park also suggests temporary government support for affected sectors, emphasizing it shouldn't be prolonged.
ADB chief economist Albert Park affirms India's robust 6.5% growth forecast, second highest in Asia, despite modest impacts from Trump tariffs on goods exports. He advises India to negotiate with the US, pursue internal tariff reforms, and embrace competition, even from China. Park also suggests temporary government support for affected sectors, emphasizing it shouldn't be prolonged.
