New Delhi: The third edition of the Money9 Financial Freedom Summit is currently being held in Mumbai and was inaugurated by Maharashtra Chief Minister Devendra Fadnavis. The Summit saw a number of panel discussions on a variety of aspects related to global economy, finances and the markets. One of them, moderated by R Sridharan, TV9 Network Editor-International, saw a spirited discussion on ‘The Macro Picture: Promise or Perils?’. The sessions included Shubhada Rao, Founder Quant Eco Research, Rajani Sinha, Economist and Indranil Pan, Chief Economist, Yes Bank.

The conversation started by addressing something that has been pervasive in the world of finance and economics ever since the return of Donald Trump as the President of the United States after his re-election. It concerns Trump announcement of his plans to impose reciprocal tariffs on several countries, which might also include India, something on which Shubhada Rao, Founder Quant Eco Research, said, “On a relative scale, India is better placed,” further adding, “our export to GDP ratio, our dependence on exports for growth is relatively lower.”

How tariffs might halt global economic growth and how it might jack up inflation, has been a major worry since Trump’s announcement. When this question was raised by R Sridharan, TV9 Network Editor-International, Economist Rajani Sinha, first agreed to Shubhada’s assessment of how the tariffs might not be that hurtful to India as it might be to others. But talking of a global........

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