India will come out stronger, and not weaker, from the current global uncertainties around tariffs, and a trade deal with the US will be “incredibly favourable” for the country vis-a-vis some of its competitors, noted economist and 16th Finance Commission chairman Arvind Panagariya said on Friday.
Panagariya said the US-China economic conflict, especially in trade, is here to stay, indicating gains for India. If Washington imposes higher trade curbs on Vietnam and Cambodia to prevent China from potentially using these countries to supply its goods to the US, India’s trade prospects will brighten further, he indicated.
