Our Chairman’s View – Mr Shankar Khasnis
Trump calling India a dead economy will stay with many of us long after he vacates the white house. We will not recall it as a day India got disrespected or disregarded. We will remember it as a trigger day that goaded India to move faster towards its 2047 objectives. A lot of sloth movers need this kind of kick up . Cricket, a game that I understand so very well is testimony to many such incidences . Greats like Virat, Ponting, Warne, Stokes etc. needed that jolt to become who they became.
Tariff and Trade with US contribute to 2 % or less of our GDP . A 20 % fall will only bring it down by 0.4 %! It can be easily rolled over.
INDIA, I AM SURE WILL DO THE FOLLOWING OVER THE NEXT 3-5 MONTHS
- Eliminate regulatory cholesterol considerably
- Close out FTA with EU at a fast clip. Possibly in 1-2 months
- Invest in defense like never before
- Improve ease of doing business and let the European and British companies invest here – Greenfield and Brownfield
- Regulate the American tech giants operating in India a bit more. Push them to do India business with local capital
- Increase GDP headspace by about 2% and above by unleashing untouched reforms
- Strengthen the Rupee
- Leverage India’s vast land terrain, whatever natural resources available decisively
- Focus on power sector even more and Make clean power a national mission.
- Continue supporting smaller nations with common interests and aspirations to collectively grow with our national aspirations. Make trade bigger through currency or barter.
I think India has to start looking even more inwards now than it did in the beginning of 2014
Maintain the stoic silence, do not react . However, use the opportunity now. It seldom comes on a platter as it did on July 31, 2025 at 8.35 am India time