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Indian economy growing at 7%: Arvind Panagariya

11 Aug 2025 Evaluate

Countering Donald Trump's dead economy jibe, sixteenth Finance Commission Chairman Arvind Panagariya has said that the Indian economy is growing at 7% and more than that in dollar terms. Talking about India's trade protectionism, he said that there may be protectionist measures but the country is substantially open.

Recently, the US President Donald Trump had remarked that India is a dead economy. Trump said ‘I don't care what India does with Russia. They can take their dead economies down together, for all I care’. Trump later imposed 50% tariff on Indian goods imported to the US with a brief exemption list. 

Further, talking about free trade agreement between India and European Union, Panagariya suggested that the country should aggressively pursue the Free Trade Agreement with the European Union. He also emphasized a need to bring reforms in land and labour market and reducing regulations to accelerate its growth trajectory. 


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