Panagariya says missing US‑India deal won’t dent India’s growth

Renowned economist Arvind Panagariya, speaking to Business Today, asserted that the failure to secure a new trade or strategic pact with the United States will not impede India’s growth trajectory. He emphasized that India’s macro‑economic fundamentals, such as demographic dividend, domestic consumption and ongoing reforms, remain robust enough to sustain expansion despite external diplomatic setbacks. Panagariya also noted that the country’s policy continuity and investment climate continue to attract foreign capital, reducing reliance on any single bilateral agreement. While acknowledging the strategic value of deeper US‑India cooperation, he cautioned against over‑estimating its immediate impact on GDP growth. The remarks come amid ongoing discussions in Washington about a potential comprehensive partnership, but Panagariya’s view suggests that India’s growth outlook stays intact regardless of the outcome.