NEW DELHI, Aug 31: A new report by One World Outlook criticizes US President Donald Trump’s stance on India, which involves a sharp hike in tariffs on goods imported from the world’s fastest-growing large economy.
The report highlights that India’s economy has posted a robust 7.8% growth in the April-June quarter, despite the tariff turmoil, and that nearly 68% of its GDP is fuelled by domestic consumption.
The article also points out that India’s economic growth is not export-driven like other emerging markets, as close to 68% of its GDP is fuelled by domestic consumption.
Global companies like Apple are deepening manufacturing investments in India, reflecting confidence in its market and capabilities.
A coercive US stance risks sidelining America from an increasingly influential partner with significant economic and strategic potential.
The emerging economic realities suggest the need for policies that recognize India’s growth dynamics and position the US-India partnership for mutual advantage, rather than perpetuating counterproductive discord.
Apple’s actions reflect a starkly different approach, investing approximately $2.5 billion in India to expand its iPhone production capabilities as part of its broader strategy to diversify its global supply chain away from China amid heightened geopolitical uncertainties.
Reducing bilateral trade engagement could curtail US access to a rapidly growing market and a partner that complements American economic and technological strengths. (IANS)
