‘Not a major concern’: In Washington, RBI Governor Sanjay Malhotra downplays impact of Trump’s tariffs on India

Trump tariffs: India's exports to US plunge as 50% tariffs weigh

US has become India's most severely affected market since the tariff war began.

US tariffs not a matter of huge concern: RBI chief downplays impact on India

RBI Governor Sanjay Malhotra dismissed jitters over US tariffs imposed under Donald Trump, saying India’s domestic-driven economy can withstand trade pressure.

RBI governor highlights India’s growth prospects amid tariff concerns

RBI Governor Sanjay Malhotra indicated that an early resolution to tariffs would boost India's economic growth, though higher tariffs are not a major concern. He noted that while capacity utilization and investment sentiment are improving, uncertainties are delaying business and household expenditures. The central bank projects 6.8% growth for the fiscal year, factoring in current tariff levels.

US Tariffs Not A Matter Of Huge Concern For India's Growth: RBI Governor

India has recorded phenomenal growth with over 8 per cent projections in the past year amid unprecedented global uncertainties, RBI Governor Sanjay Malhotra said at the International Monetary Fund's (IMF) annual meeting on Wednesday.

US Tariffs Not a Matter of Huge Concern for India’s Growth, Says RBI Governor Sanjay Malhotra at IMF-World Bank Event | 📰 LatestLY

Reserve Bank of India Governor Sanjay Malhotra on Wednesday asserted that the 50 per cent US tariffs on India are “not a matter of huge concern” for India's growth. While speaking at an event during the IMF-World Bank meetings in Washington, DC, Malhotra said that India’s status as a “domestic-driven economy” negates the negative impact of US tariffs. 📰 US Tariffs Not a Matter of Huge Concern for India’s Growth, Says RBI Governor Sanjay Malh