New Delhi, Dec. 5 -- The Reserve Bank of India (RBI) Governor, Sanjay Malhotra, on Friday said the high tariffs imposed by the United States had minimal impact on the Indian economy. The RBI raised its gross domestic product (GDP) growth forecast for the current fiscal year 2025-26 to 7.3% from 6.8% previously.

"Despite an unfavorable and challenging external environment, the Indian economy has shown remarkable resilience," Malhotra said in a televised speech.

"The headroom provided by the inflation outlook has allowed us to remain growth supportive," he said.

Malhotra's remarks came amid the policy rate (repo) cut by the Reserve Bank by 25 basis points (bps) to 5.25% after a unanimous vote by its monetary policy committee.

The centra...