Donald Trump tariffs to dent India’s GDP growth? Up to 30 basis points dip possible, say experts; expected trade deal could soften blow
Experts caution that the new 25% US tariff on Indian goods, coupled with potential penalties for trade with Russia, could hinder India’s GDP growth and exports. Key sectors like pharmaceuticals and textiles face challenges, potentially lowering GDP by 30 basis points. Analysts hope for a trade agreement to mitigate the impact, leveraging India’s strong domestic demand.🕒 1 min read
Experts caution that the new 25% US tariff on Indian goods, coupled with potential penalties for trade with Russia, could hinder India’s GDP growth and exports. Key sectors like pharmaceuticals and textiles face challenges, potentially lowering GDP by 30 basis points. Analysts hope for a trade agreement to mitigate the impact, leveraging India’s strong domestic demand.
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