Trump's tariffs: India’s GDP may take 0.1-0.6% hit from US tariff moves, says Goldman Sachs

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Trump's tariffs: India’s GDP may take 0.1-0.6% hit from US tariff moves, says Goldman Sachs - Times of India

Quick Summary:

India's GDP may be impacted by proposed US tariffs raising by an estimated 0.1 to 0.6 percentage points, as per Goldman Sachs analysis.

The potential rise in tariffs by 6.5 to 11.5 percentage points on Indian imports may significantly affect India's trade dynamics with the US.

Impact of US tariffs on India: India’s GDP may take a hit of around 0.1 to 0.6 percentage points due to the proposed US tariffs, according to a recent Goldman Sachs analysis.