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Trump Tariff: The tariff imposed by US President Donald Trump and then in the global market has created a new challenge to the global economy. But the question arises that how bad the tariff of Trump will have on the Indian economy? Government officials say that the global economic crisis may have less impact on India.
The news agency Reuters cited government officials, in which he said, despite the tariff imposed by the US, India’s estimated growth rate in FY 2025-26 may live between 6.3% and 6.8%. Also, the oil worm can remain $ 70 per barrel.
This estimate of GDP on behalf of government officials has been set up at a time when many economic experts have feared a decrease in the speed of GDP of the country.
Several economists, including Goldmen Sachs, cited the impact of the global tariff imposed by US President Donald Trump, stating that the India GDP rate for FY 2025-26 was estimated to be reduced by 20 to 40 basis points. He says that India’s GDP rate can be up to 6.1%.
The Asian stock market saw a huge decline in the Asian stock market due to heavy tariffs on India’s goods as well as other countries including China. About 4% slipped down in the Indian stock market too.
The Indian Diamond sector, which exports about one third of its production to the US, is facing the most threat. The jobs of many people engaged in this sector can go. Government officials say that discussions are going on between the Export Association and the Ministry concerned to assess its results. The Ministry of Finance has given a four-five-point proposal to help the export industry on behalf of the Ministry of Commerce. Another government official has confirmed this.
