Trump’s tariffs could reduce India's GDP by 0.5%, says CEA Anantha Nageswaran

Indias CEA V. Anantha Nageswaran said US President Trumps 50% tariffs could trim Indias GDP by 0.5–0.6% this year, with greater risks if extended. The tariffs hit exports like textiles and jewellery, Indias key US markets. Still, he maintained a 6.3–6.8% growth outlook, citing strong Q1 growth, tax cuts, low inflation, GST relief, and fiscal support.