An opinion piece argues that India is facing a difficult situation due to the U.S. tariffs, which have been imposed to pressure New Delhi to cease its oil imports from Russia. The author states that India’s exports are vulnerable to the tariffs, but the country is less susceptible to external shocks due to its large domestic market and diversified export base. The article suggests that India should continue to engage with the U.S. while also seeking other avenues for trade, such as a Free Trade Agreement with the European Union.
The author also recommends that India should use this opportunity to accelerate internal reforms. He argues that the country must maintain a favorable environment for investment, maintain confidence in its reforms, and continue diversifying its trade and strengthening its competitiveness.