India, April 7 -- India is likely to meet its projected growth target of 6.3%-6.8% for the fiscal year 2025/26 if oil prices remain below $70 ( Rs.5,810)/barrel, despite global disruptions due to US tariff announcements, a Union finance ministry official said.

The reaction from the Indian government officials comes from even economists, including at Goldman Sachs, who have lowered India's growth estimates by 20-40 basis points to 6.1% for the current 2025/26 financial year, citing the impact of the global tariffs imposed by US President Donald Trump.

A 26% tariff on Indian imports, with even higher levies on other countries like China, has escalated global trade tensions, with major stock indices plunging in Asia on Monday.

India's dia...