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US tariff impact: India's FY26 GDP growth likely to take 60-bp hit

The US' move to raise the tariff on most Indian goods to 50 per cent could drag India's GDP growth for FY26 by 35 to 60 basis points, according to various economists. One basis point (bp) is equal to 0.01 per cent.

Uploaded by: Rediff Video Desk on Fri, 08 Aug 2025 10:57:00 +0530

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