Trump Tariffs May Hit India’s GDP

  Published 11 months ago

Goldman Sachs warns Trump’s 25% tariff plan may shave 30 bps off India’s GDP, citing key trade risks.

  • India’s exports to the U.S. equal 4% of GDP; fresh tariffs could dent growth in 2025 and 2026.
  • Goldman forecasts India’s growth at 6.5% in 2025, 6.4% in 2026, with downside risks looming.
  • Tariff tensions linked to India’s rising Russian energy imports; U.S. crude share rose to 8% in April–May 2025.

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