US Tariff Hike Unlikely to Impact Indian Economy Significantly: RBI Governor

August 6, 2025 2:30 PM

US Tariff Hike Unlikely to Impact Indian Economy Significantly: RBI Governor

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said that the recent US tariff hike is not expected to have a major impact on the Indian economy, unless retaliatory tariffs come into play. Addressing a press conference following the monetary policy announcement, Malhotra said, “There might not be a major impact of the ongoing uncertainty over the US tariffs on India’s economy. This is subject to retaliatory tariffs coming into the picture, which we do not foresee.” He a...

India to review impact of US reciprocal tariffs, says MoS Finance

April 3, 2025 3:09 PM

India to review impact of US reciprocal tariffs, says MoS Finance

India will review and assess the impact of the 27 per cent reciprocal tariffs imposed by the United States, Union Minister of State for Finance Pankaj Chaudhary said on Thursday. His remarks come in response to the recent tariff hike affecting Indian exports to the US. Speaking to reporters in New Delhi, Chaudhary emphasized the differing trade priorities of the two nations. "For Donald Trump, it's America First, and for Modi ji, it's India First. We will analyze the situation, assess its impac...