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US tariffs on $8.1B of Indian exports, starting Aug 27, may lower India's GDP growth projections.
The US has imposed a 25% tariff on Indian goods, affecting $8.1 billion of India's exports, with a potential 0.19% impact on India's GDP.
This tariff may reduce India's economic growth by 0.3 percentage points, and Goldman Sachs has lowered India's growth projections to 6.5% for 2025 and 6.4% for 2026.
The tariff affects industries like engineering, electronics, pharmaceuticals, and textiles.
Despite the challenges, India plans to diversify its export markets and improve its domestic economy.
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Los aranceles estadounidenses sobre $8.1B de exportaciones indias, a partir del 27 de agosto, pueden bajar las proyecciones de crecimiento del PIB de la India.