2 publishers · first seen Thu, 29 Oct 2026 10:59 UTC · updated Thu, 29 Oct 2026 12:36 UTC
Chief Economic Advisor V Anantha Nageswaran said the second Trump administration has been 'colder' towards India, viewing it as a rival in the market for resources, and warned that geopolitics will disrupt India's economic goals over the next 20 years. He noted that the US, aiming to bring manufacturing back home, now competes with India for resources and capital, citing Canada's and Germany's efforts to attract investment as examples. Nageswaran highlighted that India must build buffers for industrial metals, fertilisers, and active pharmaceutical ingredients, and link export competitiveness to domestic manufacturing support.
India recorded 7.8 per cent real GDP growth in the first quarter of 2026-27, with manufacturing gross value added growing 9.2 per cent and gross fixed capital formation up 11.9 per cent. However, manufacturing's share in gross value added remained at 14.8 per cent in 2025-26, nearly unchanged from 14.7 per cent in 2022-23. Core merchandise imports rose 19.7 per cent year-on-year from April to September 2026, outpacing core exports, which grew 16.2 per cent.
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