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India and the U.S. Are in an "Uneasy Equilibrium," India's Top Economist Says

Kalbir Talwar
Published Sep 24, 2026
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Summary:
  • India's Chief Economic Adviser V. Anantha Nageswaran described ties with the U.S. as an "uneasy equilibrium" as trade frictions linger.
  • Tariff disputes that began last year remain unresolved, even after an interim trade deal earlier this year.
  • A new U.S. law allowing President Donald Trump to set tariffs up to 100% on buyers of Russian energy adds uncertainty while India and the U.S. work toward a final tariff rate.

What Nageswaran told a Mumbai audience

The energy and tariff angle

Even after an interim trade agreement with Washington earlier this year, New Delhi still faces a new tariff risk. Under a recently enacted U.S. law, President Donald Trump can impose duties as high as 100 percent on nations that purchase Russian oil and gas. Nageswaran said that development injects uncertainty as India and the U.S. negotiate a final tariff rate.

Why this could spill into energy reliability

Nageswaran also framed the trade and energy pressures as part of a wider push to pick sides between competing global blocs. He added, "India, given its geography and its size, cannot obviously belong to any bloc," and said that choosing to stay independent could mean costlier energy and periodic supply disruptions.

Global shifts remind investors to keep a steady plan for protecting their savings. Join Briefs Finance CEO Jaspreet Singh on September 29th for a FREE live investor workshop, How to Profit From A Dollar That's Losing its Value, where he shows how we're spotting investment opportunities as the dollar falls. Save your spot.

What it means for your money

If India holds its nonaligned line while major powers harden their camps, expect bumpier energy flows and potentially pricier fuel in the mix. That is not a trading tip, just a reminder that geopolitics can ripple into energy costs and headline risk across portfolios tied to growth and consumption.

Uncertainty underscores why regular learning and careful choices matter for long term growth. Our CEO Jaspreet Singh is hosting a FREE live investor workshop, How to Profit From A Dollar That's Losing its Value, on September 29th. Sign up free to join him live.

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