India’s economy is still expected to grow between 6.3% and 6.8% in the 2025-26 financial year, despite global problems caused by new U.S. tariffs. Government officials believe that as long as oil prices stay below $70 per barrel, India can meet its growth target.
However, private economists, including those at Goldman Sachs, have lowered their growth estimates to around 6.1%. They think the global trade impact from U.S. President Donald Trump’s tariff hikes could slow India’s growth. The government is also thinking about giving help to export sectors that may be affected.
Inputs from Reuters
