Trump tariff impact: India’s GDP growth could take a 0.5% hit this year, says Chief Economic Adviser Nageswaran

Chief Economic Adviser V. Anantha Nageswaran estimates that US President Trump’s 50% tariffs could reduce India’s GDP growth by 0.5% to 0.6%. While the US tariffs impact export competitiveness, India’s growth relies more on domestic consumption. Experts suggest the tariff impact could be limited.