Trump's tariff war: Is this India's 1991 moment? Montek Singh Ahluwalia exclusive

At the Business Today India@100 Summit, Montek Singh Ahluwalia, former Deputy Chairman of the Planning Commission, discusses if the 2025 Trump tariff war presents a 1991-like moment for India. He distinguishes the current situation as a 'challenge' rather than an immediate crisis, stating the country is not running out of foreign reserves as it was in 1991. The core issue, he states, is internal. "Our challenge is how do we move from 6.5% growth rate to 8.5%," Dr. Ahluwalia said. He argues against a protectionist response, advocating instead for an open economy. He suggests India should pursue Free Trade Agreements with the UK and EU and consider joining the CPTPP to signal its commitment to open markets in a world complicated by rapid technological changes and climate change.