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GDP growth up to 100 bps may be lost
Financial Express Ahmedabad
|August 08, 2025
Impact on current account deficit in FY26 seen at 0.8% of GDP assuming that global crude oil prices do not spiral upwards
The proposed doubling of extra tariff on Indian goods to 50% may shave off India's economic growth by anywhere between 40 to 100 basis points on an annualised basis, according to analysts. Goldman Sachs had previously estimated a potential direct impact of around 0.3pp annualised to India's real GDP growth, following Trump's late July announcement of 25% tariff on Indian imports.
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