India's Chief Economic Advisor has indicated that the country's economic growth could exceed earlier government forecasts following significant reductions in U.S. tariffs on Indian goods. According to Jin10, Anantha Nageswaran mentioned in an interview that the growth rate might approach the estimated 7.4% for this year. He noted that the tariff announcement was made on Monday evening, and he needs to verify his calculations. In a recent economic survey report, he had predicted a growth rate between 6.8% and 7.2%.
When questioned about the potential impact on energy prices if India ceases purchasing discounted Russian oil, the Chief Economic Advisor stated that historically, crude oil prices between $60 and $70 per barrel have not posed a problem for the Indian economy. He declined to comment on specifics, including how India plans to increase its procurement from the United States over the next five years.