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India's FY26 GDP May Drop Below 6.2% If 25% U.S. Tariff Stays Post-September: S&P
August 02, 2025
|The Business Guardian
India's not giving market access to the United States in the agriculture and dairy products sectors is likely to be the reason for not reaching a trade agreement, noted an S&P Market Intelligence report released on Friday.
The report further says, if 25 per cent tariff imposed by U.S. will remain in place beyond September 2025, India's GDP will be adjusted downwards. S&P Market Intelligence has projected India's GDP for FY 2025-26 at 6.2 per cent in July, down from a GDP growth of 6.5 per cent in FY 2024-25.
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