RBI warns that US tariffs and trade uncertainties threaten India’s growth, jobs, and investment climate overall.

• Tariffs could cut this year’s growth by 20‑30 basis points, hitting labour‑intensive exporters hard.
• Front‑loading exports masks true impact; exporters absorb costs while the broader economy faces delayed inflationary pressures.
• Diversify markets via EU, Japan, and Korea FTAs; boost domestic consumption to reduce import dependence significantly.