V. Anant Nageswaran, Chief Economic Advisor to the Government of India, said on Wednesday (July 13, 2025) that US tariff challenges would end in a quarter. In order to make more efforts from the private sector, he said that the country is struggling with other long -term challenges.

In the financial year 2025, the recession in the growth rate, which declined from 9.2 percent to FY 2024 to 6.5 percent, on this question Nagswaran said that agricultural policies can increase the actual GDP increase by 25 percent.

Negotiations continue about the affected sector

Regarding the American tariff, the Chief Economic Advisor said that the second and third tax will be affected after the impact of the first tax in the sector like diamond and jewelry, which is very difficult to face. The government knows this situation and talks are going on about the affected sector. In the coming days, the government will talk about its policies, but now it will have to be patient.

Regarding the speculation of US officials coming to India this month, Anant Nageswaran said that the meeting and conversation between US President Donald Trump and Russian President Vladimir Putin in Alaska could affect the conclusion.

One or two quarters will improve

Regarding trade talks between India and America, he said that at this time the situation is very unstable and relations are moving towards deadlock. Talking about the impact of 50 percent of the US tariffs on Indian exports, Nageswaran said that I am confident that the current situation will improve in one or two quarters and does not seem that it will have any significant impact on India, but will definitely have an impact for some time.

Nagswaran said that no one can guess why the US President decided to increase the tariff on India? Is this operation the result of vermilion or is there a big strategy behind it? Apart from focusing on tariff related issues, we should not be unaware of many other challenges, including the impact of technical intelligence, strengthening dependence on a country and supply for important minerals.

It is necessary to work with private sector

Nagaswaran said about the Indian industry, ‘In the coming years, we have to think a lot about the private sector in view of the big strategic challenges. Instead of the next quarter, we have to work for a long time, about which challenges are coming in front of us. After the government’s efforts, now private sectors will have to show their participation.

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