India's economic slowdown is mainly self-inflicted, economist says

Economist Neelkanth Mishra has stated that India's current economic slowdown is mainly due to domestic issues, not external factors. He believes that with better management of financial and liquidity conditions, India could achieve growth rates of 6.5-7%. Mishra noted that reducing import tariffs could help India avoid reciprocal tariffs, leading to short-term disruptions but medium-term benefits. He emphasized that the uncertainty from global trade tensions is slowing down growth across various markets. India's economy grew by 6.2% in the third quarter of the financial year 2024-25, an improvement from a seven-quarter low of 5.4% in the previous quarter. Economists suggest that India should aim for growth rates above 7%.