Business

Ex-Niti Aayog VC Rajiv Kumar Advocates for Lifting Chinese Investment Bans Amid US Tariff Tensions

Call for Policy Change on Chinese Investments

Former Niti Aayog Vice Chairman Rajiv Kumar has publicly urged the Indian government to reconsider its restrictions on Chinese investments. Highlighting the potential benefits for domestic manufacturing and job creation, Kumar's statement comes at a time when India and China are working to mend their strained relations following the 2020 border clashes.

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Impact of US Tariffs on Indian Economy

Kumar also addressed the recent announcement by US President Donald Trump regarding an increase in tariffs on Indian imports. He warned of a potential 0.25–0.5% impact on India's GDP but emphasized the importance of diversifying exports and maintaining strategic partnerships, notably with Russia, despite the challenges posed by the current geopolitical climate.

Future of Indian Exports and Agricultural Market Access

On the topic of agricultural market access to the US, Kumar expressed conditional support, advocating for non-GMO imports to protect India's dairy sector. His comments reflect a nuanced approach to balancing economic growth with domestic industry protection.