India’s existential angst to confront Western imperialism
by M. K. Bhadrakumar,* India
(29 August 2025) Reserve Bank of India Governor Sanjay Malhotra’s remark on Wednesday that the US tariff hike is unlikely to have any “major impact” on India’s economy, “subject to retaliatory tariffs coming into the picture, which we do not foresee” – and that even if India cuts back on Russian oil, the impact on domestic inflation may not be severe – can only be seen as a supplementary effort to allay public disquiet.