RBI chief downplays US tariff impact on India’s growth

ByEnigma 808

RBI Governor Sanjay Malhotra stated that the 50% US tariffs on India are not a major concern for India’s growth, as the country’s economy is primarily domestic-driven. Speaking at the IMF-World Bank meetings, he added that while tariffs affect India, their impact is manageable. Malhotra also noted that resolving the tariffs could offer potential benefits. Despite the tariffs, India’s exports to the US grew by 13.3%, reaching $45.82 billion in the first half of the financial year. Meanwhile, India is looking to import more energy from the US and diversify its energy portfolio, especially in renewable technologies. Trade talks are ongoing, though full negotiations may be delayed due to the US government shutdown.

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    Besides writing and being a content creator, Enigma 808 sometimes likes to watch paint dry on walls, listening to ASMR while timing snails racing. Such is life.