Chennai, July 31 -- The 25% tariff announced by the US President Donald Trump on Wednesday on Indian goods imported will not dent India's growth story but the macros would be bruised, said top economists.
Trump had announced a tariff rate of 25% and an unspecified percentage of penalty for buying oil and defence equipment from Russia on Indian goods imported into the US.
Reacting to the announcement Madan Sabnavis, Chief Economist, Bank of Baroda said: "Our estimate of potential GDP threat was 0.2% when the 26% rate was announced, and hence we stand by this number. This is why our forecast was 6.4-6.6% with the lower number being linked to the tariff rate to be imposed. The macros would be bruised though not dented as the growth story is ...