Rajan explained that the real problem was how Trump reacted to India’s comments after he claimed that he was responsible for stopping the short India-Pakistan conflict.

Former RBI Governor and economist Raghuram Rajan said that the real reason the United States slapped a steep 50 per cent tariff on Indian goods was not because India bought oil from Russia. According to him, the main trigger was India’s sharp response to US President Donald Trump, who had publicly claimed that he was the one who helped end the brief India-Pakistan conflict in May.

Rajan said that the tension had more to do with the “personality in the White House” at that time than with actual policy issues.

Speaking at the UBS Centre for Economics in Society at the University of Zurich on December 4, he remarked that Pa

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