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Impact of US reciprocal tariffs to be limited on India, say rating agencies
The Statesman Siliguri
|February 20, 2025
The impact of the US reciprocal tariff will be limited on India as the economy is domestically oriented with less reliance on exports, S&P Global Ratings said on Wednesday.
Further, Goldman Sachs also said India may face an impact of up to 0.6 per cent of GDP from the US reciprocal tariffs calculating various scenarios of the tariff imposition.
"We estimate a potential domestic GDP growth impact of 0.1-0.3pp under different scenarios of increase in average US effective tariff rate on Indian exports (under country-level reciprocity and product-level reciprocity), and different estimates of price elasticity of US demand for Indian exports," Goldman Sachs said in a report.
Dit verhaal komt uit de February 20, 2025-editie van The Statesman Siliguri.
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