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.
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.
