Q2 may see negative shock to manufacturing from US tariffs

GST CUTS, OTHER REFORMS TO PUSH DEMAND

- FE BUREAU

CHIEF ECONOMIC ADVISOR VAnantha Nageswaran on Friday reaffirmed the forecast of 6.3-6.8% economic growth for the current financial year, expressing confidence that domestic reforms—including proposed GST rate cuts—will boost demand and offset the adverse impact of the 50% tariff on Indian goods.

He acknowledged that manufacturing could face some pressure in the July-September quarter, but said it was difficult to make a precise estimate as exporters work to expand into newer markets.