India, April 9 -- Reserve Bank of India (RBI) governor Sanjay Malhotra on Wednesday said more than inflation, the central bank is concerned about the impact of US President Donald Trump's tariffs on India's growth.
Malhotra said during the post-Monetary Policy press conference that tariff-related uncertainties are also the reason the RBI lowered India's GDP growth forecast.
The US reciprocal tariffs, which also include a 26% levy on Indian goods, came into effect on the same day.
As a result, the RBI cut its Real GDP forecast for the financial year 2025-26 to be 6.5%, from 6.7% earlier. The first quarter GDP forecast is now estimated to be at 6.5%, second quarter at 6.7%, the third quarter at 6.6%, and the fourth quarter at 6.3%.
"The...
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