India Not Solely US-Dependent, Says Ex-RBI MPC Member Ashima Goyal

• Former RBI MPC member Ashima Goyal dismisses risks of India-US trade deal delays, stating India's growth isn't solely US-dependent.
• Goyal highlights that emerging markets and alternative partnerships are crucial for India's economic direction.
• India maintains independence in interest rates and rupee due to phased capital account convertibility, limiting foreign capital flow sensitivity.
• Emerging markets contribute over 50% to global economic growth, offering India alternatives if the US is uncooperative.
• India's trade dependence on the US is lower than many Asian countries, making any trade disruption less impactful.

Why It Matters: India's economic growth and policy decisions are increasingly independent of the US, with emerging markets driving global growth.