Mumbai, May 15 -- The Organisation of the Petroleum Exporting Countries or OPEC stated in a latest monthly update that India appears to have maintained solid growth in 1Q25, although some annual slowdown is likely unfolding in 1H25. This is partly due to the dampening impact of US tariffs on Indian imports, following the introduction of a 10% global baseline tariff. However, on 9 April, the US paused its previously announced reciprocal tariffs for 90 days, providing temporary relief. Additionally, inflation fell in March and has now moved further below the midpoint of the central bank's inflation expectation of 4%. So far, the effective tariff rate may be lower due to a variety of exceptions, including on pharmaceutical and energy imports...