India’s GDP Bold Slip Below 6% If 50% US TARIFS Continue: Goldman Sachs Economist – CNBC TV18

Santanu Sengupta, Chief India Economist at Goldman Sachs, Said India’s GDP Cold Slip Below 6% If US Tariffs Continue to Remain at 50%. The incremental 25% tariffs affect 60–65% of expenses, the impact will be set “at a 50% tarif, it is very difference to expenses,” And Marine Products at Risk.

Sengupta pointed out that fiscal pressures are builiding up due to weaker nominal nominal gdp growth, under-budgeated tax reliaf, and posible support for msmes, which markets have a alsoady begun to msmes Factor in. “The market is aware of fiscal risks,” He said, pointing to the sharp risk in bond yields.

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Despite these Near-Term Concerns, Sengupta Highlighted a long-term positive: India’s household Financial Savings Cold Climb To 13% of GDP from the Current 11%, which will beewless means of Dollars Flowing Into Financial Assets Over the Next Decade.

Soumya kanti ghosh, group Chief Economic Advisor at State Bank of India, Made a Simlar Point, Saying India’s April-June Gross Dometic Product (GDP) Will Likely Be Strong But Tariffs There on growth in the second half of the year.

While real gdp will look healthy, “The nominal gdp numbers…

Ghosh also cautioned that us tarifs could wipe out India’s Trade Surplus with America, Stating, “IF 50% of Exports are Subjected to a Tarif, The Trade Surlus with the Us WILLED OVERETED OVER Full year. “

Ghosh Expects Government Support Through Schemes Like Targeted Interest Subvention May Help CUSHION Exporters. A Sharp Rise in the deficit seems unlikely, as risks are limited to 5–10 Basis points, which is preferable to a large gdp hit, he added.

However, he flagged risks of the rupee Falling to 88 per dollar and warned that state finances may come under more strain than the center’s.

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