Closer India-China ties positive for both: ADB Chief Economist Albert Park

Albert Park tells that the 50 per cent US tariffs offer opportunities to India to diversify its export destinations

Asian Development Bank (ADB) Chief Economist Albert Park says the fiscal position of the government seems robust despite the cuts in rates of goods and services tax (GST). In an interview on the sidelines of the Kautilya Economic Conclave in New Delhi, Park tells Ruchika Chitravanshi and Asit Ranjan Mishra the 50 per cent tariffs of the United States (US) offer opportunities to India to diversify its export destinations. Edited excerpts:

 

The ADB has projected 6.5 per cent growth in gross domestic product (GDP) for India in FY26 and FY27. Are there more upside or more downside risks to these