Tariff hit on FY26 GDP growth at 0.2-0.3%: CEA

THE GOODS AND Services Tax (GST) reforms will help offset some of the adverse impacts of steep tariffs of 50% imposed by the US on Indian shipment and the net impact of this on the GDP growth would be 0.2-0.3% in the current financial year, chief economic adviser V Anantha Nageswaran said on Wednesday.

- PRESS TRUST OF INDIA

New Delhi, September 10

On the positive side, he said, the GST reforms will play a very good offsetting role by substituting domestic demand for whatever export demand that may not materialise from the United States.