Donald Trump tariffs to dent India’s GDP growth? Up to 30 basis points dip possible, say experts; expected trade deal could soften blow
Thursday, 31 July 2025 () 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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The US imposed steep 25% tariffs on Indian imports, the highest in Asia, sparking market volatility. While initial concerns arose, analysts predict potential... IndiaTimes
US President Trump has imposed a 25% tariff on Indian goods amidst ongoing trade deal negotiations. Trump cited high Indian tariffs and its energy and military... IndiaTimes
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