US tariffs to hit India's GDP growth, prompt more rate cuts
US tariffs to hit India's GDP growth, prompt more rate cuts
MUMBAI, April 3 (Reuters) - India's economic growth could slow by 20-40 basis points in the ongoing financial year due to the latest U.S. tariffs, which would prompt deeper interest rate cuts by the central bank, analysts said.
U.S. President Donald Trump on Wednesday slapped a 26% reciprocal tariff on India, threatening the Reserve Bank of India's (RBI) estimate of 6.7% economic growth in 2025-26 and the government's economic survey forecast of 6.3%-6.8%.
