India's Growth Story at Risk? Former CEA Flags Tariffs, China, Fiscal Pressure

• Former CEA Arvind Subramanian warns India's economic recovery path is unclear due to domestic and global risks.
• He advises caution on GDP figures, citing an unusually low deflator that might inflate actual growth rates.
• Subramanian highlights US tariffs on Indian goods and China's aggressive export policy as major external threats.
• Domestic concerns include a weak fiscal situation due to GST cuts and limited government revenue.
• He suggests greater rupee flexibility to aid exporters, despite RBI's market interventions.

Why It Matters: India's strong growth faces significant challenges from trade policies, China's exports, and fiscal pressures.