Partner at Exencial Research, Exencial Research

Viral Kishorchandra Shah

Partner at Exencial Research

Exencial Research

Macroeconomics

<ul>
<li>India's $736.3 billion external debt creates liquidity risks with 42.4% short-term obligations, while ECB borrowings surge five-fold to $7.8 billion in Q4 FY25.</li>
<li>Trump's 26% reciprocal tariff threat appears as negotiating theater rather than economic warfare, with 90-day suspension revealing choreographed concessions strategy.</li>
<li>India's $696.65 billion forex reserves provide 11-month import cover, but widening trade deficits and debt vulnerabilities challenge long-term resilience narratives.</li>
</ul>


India's $736.3 billion external debt creates liquidity risks with 42.4% short-term obligations, while ECB borrowings surge five-fold to $7.8 billion in Q4 FY25.
Trump's 26% reciprocal tariff threat appears as negotiating theater rather than economic warfare, with 90-day suspension revealing choreographed concessions strategy.
India's $696.65 billion forex reserves provide 11-month import cover, but widening trade deficits and debt vulnerabilities challenge long-term resilience narratives.


India's $736.3bn Debt Tightrope: Storm Weathering or Economic Kabuki Theater?