India, Aug. 30 -- India's best response to US tariffs would be to derisk its exports from its largest trading partner, Raghuram Rajan said, because "we cannot remain vulnerable to the whims of others".

The 50% US tariffs on Indian goods is "unfortunate" and "deeply distressing", the former RBI governor told India Today during an interview on 27 August, warning that they were a serious blow to India-US relations.

"It is certainly very very harmful for small Indian exporters-lots of workers will be sort of hurt by this. Their livelihoods will be in jeopardy," Rajan said. "This is an event which should not have happened. Unfortunately it has."

He also cautioned that trade is now being used as a weapon, and that India should treat this as ...