“India should come out well because …”: CEA Ananth Nageswaran says that the definitions have helped avoid “global face imbalances to its head”

ANANTASWARAN, the chief economic advisor (CEA) said on Thursday that global economic imbalances were already accumulating, and US President Donald Trump’s tariff measures were part of a broader re -seize in world trade dynamics. He stressed that India is in a good position to move in these disorders strategically.

“In one form or another, the current situation in the world built a lot of defects – the imbalances of demand in some countries, and some countries are coming and providing a lot while exaggerating that.” These imbalances were reaching their head. “

He said that such turmoil was necessary for the global economy to rethink his commercial and economic book. “To some extent, you need these types of disturbances for us to rethink the entire play book, and this is what happens,” he said.

“We have a large economy based on consumption. Service exports grow faster, and in size, it is much higher than exporting goods goods. The United States focuses on goods goods, while our services exports will continue to do a good job.”

Despite concerns about commercial restrictions, Nageswaraan noticed that India focuses strategically on relations in a broader sense and played its papers well. “We must go out well because we have dealt with many other shocks in the past eighteen years, starting with the global crisis, and each of them has left our economy in a better place in the end,” he stressed.

“With regard to the overall picture, even with the feeling of uncertainty-with the absence of matters related to trade-even before, we had reviews in the high market, and we entered interest rates, and the central banks that have not yet ended in modifying the tightening sessions.