India, Aug. 3 -- Soon after slapping a 25 per cent tariff on Indian goods, US President Donald Trump stirred controversy by branding India a "dead economy" - a jibe that triggered diplomatic unease and ignited debate across political and policy circles. While Trump and others accuse India of unfairly benefitting from US trade, the truth is that the United States enjoys deep, often invisible economic advantages from one of the world's fastest-growing markets. From defence and digital services to finance and pharmaceuticals, America quietly rakes in tens of billions annually from India - gains that don't show up in standard trade statistics but profoundly shape the real balance of power. At face value, India appears to be winning. In FY2025, ...
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