Gross domestic product
The world is struggling with Trump Tariff these days. After coming to power for the second time, US President Donald Trump has pushed the whole world into import duty, which has started to fall slowly on the global economy. On Friday, August 29, the GDP figures of the first April-June quarter of Finance-year 2025-26 are coming in India. There is a possibility that there may be some pressure in it. There may be signs of lethargy in growth.
The impact of lethargy in weak urban demand and private investment growth can be seen on GDP data. However, some experts also believe this. A greater negative effect of tariff on GDP can be seen in the second quarter as it can assess the data of export in it. The US has imposed an additional 25 percent tariff on India since August 27, due to which the total import tariff on India has increased to 50 percent.
How much growth is estimated
According to a survey by Reuters, India’s GDP growth in the April-June quarter is estimated to be around 6.7%, compared to 7.4% in the last three months. That is, growth may be slightly slow. Nevertheless, India is still one of the fastest growing big economy in the world. At the same time, the Reserve Bank hopes that the full year growth will be around 6.5%. RBI Governor Sanjay Malhotra says that the impact of America’s new tariff will be very less on India’s economy.
GDP growth in the coming quarter?
Some experts believe that if the US continues to increase the tariff for a long time, then the pressure on India’s growth in the coming quarters may increase. The reason is that the export is slowly slowing down and India’s manufacturing appeal as China’s option is not looking as strong. According to the ET report, HSBC Chief Economist Pranjul Bhandari says that if this situation lasts for a year, then India’s GDP growth can be reduced by about 0.7% point. Its biggest impact will be on job-entrants such as jewelery, textile and food processing.