New Delhi: It’s true that global trade realignments may create a ricochet effect but Keki Mistry emphasised that India, with its predominantly domestic-driven economy, is insulated compared to export-heavy nations (he mentioned China as an example). Mistry was in conversation with TV9 Network’s R Sridharan at the Money9 Financial Freedom Summit 2025 event, held in Mumbai, today. The fireside chat, aptly titled ‘Navigating Tariffying Times’ was an eye opener for those who were concerned with the reciprocal tariff announcements made by US president Donald Trump earlier today.

While Mistry acknowledged that corporate investment has lagged behind government-led capital expenditure, he is quite optimistic about the fact that private sector spending would pick up in the coming quarters, driven by improving capacity utilisation and rising domestic consumption.

Sridharan began the free-wheeling conversation by throwing caution to the wind. “Let me dive straight into what is the elephant in the room today. Early this morning, President Trump announced that starting April 2, there is going to be reciprocal tariffs put on India and other countries which he thinks are dealing unfairly with the US in terms of the trade. So, do you think this is a tariff war or are we only looking at a global reset of the world order,” he enquired of Mistry.

“What impact it will have on the globe only time........

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