TAG India Chair Ashok Malik spoke at the Keidanren South Asia Regional Committee event on furthering India-Japan economic cooperation. He discussed the state of and prospects for economic growth in India and provided an outlook for India-Japan economic relations.
As Trump 2.0’s presidency nears, India anticipates increased Indo-Pacific and West Asia cooperation with the US. Quad and Abraham Accords revitalisation are likely, alongside addressing South Asian challenges. India seeks US sensitivity to its regional concerns, mirroring its support for US interests during past crises.
Donald Trump’s second term as Potus has triggered concern in many trade-focused circles both in India and the US. Many stakeholders across the policy, business and academic communities highlight the damaging impacts of potential Trump tariffs, with his explicit plan calling for 60% tariffs on all Chinese imports, and 10-20% for all other countries.
Following disengagement on the India-China frontier in Ladakh, there’s speculation about how much bilateral economic relations will, and should be, normalised. In some circles this has taken a silly turn, with claims of an alleged B&W divide between economic ministries and diplomatic/security authorities. Complex policy choices are reduced to simplistic Manichean dualism.
“What is crystal clear is that there are many in the Indian government and among Indian stakeholders that would like to see a much bigger trade relationship between the U.S. and India,” he said, adding that “the missing piece is the readiness on the U.S. side to show that same desire to really take it to
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“There is no better moment than a change of leadership at the White House, whether Democratic or Republican, to chart a new course in US-India geoeconomic strategy.”
What is India’s role in BRICS? The process of expansion is revealing. Every incumbent member country came with its wish list of potential newcomers. Some names overlapped, some were exclusive to one list.
“However, a more rigorous assessment of the state of BJP requires a longer-term timeframe and a deeper appreciation of the party’s attributes and shortcomings. This is important not just for party members and political pundits.”
TAG Vice President Gopal Nadadur was quoted in The Economist on India’s labor-intensive manufacturing industries: key constraints and potential policy enablers to increasing exports.
Following the Fourth Quad Leaders’ Summit, TAG Vice President Gopal Nadadur and USIBC Director Pushan Das write that India is advancing towards its ambitions in the domestic and global defense ecosystem. Partnerships with like-minded countries can accelerate India’s progress, as seen in industries such as electronics and semiconductors.
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