Trump's tariff hike could shave 0.3 pp off India's GDP: Goldman Sachs
India condemns new 25% duty on exports; total levy now at 50%; analysts expect talks before August 27 deadline
 "Trump's tariff hike could shave 0.3 pp off India's GDP")
1/2India’s economy could take an additional 0.3 percentage point (pp) annualised hit to real gross domestic product (GDP) growth following US President Donald Trump’s decision to impose a fresh 25 per cent duty on Indian imports, Goldman Sachs said. This is over and above the 0.3 pp impact previously estimated from the April 2025 tariff round. According to Goldman Sachs, once exclusions, such as those under Section 232 of the US Trade Expansion Act, 1962, are applied, the effective average tariff rate on Indian exports to the US will settle at around 32 per cent.
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1/2Source BS dddHub71’s plans are part of the emirate’s broader plan to diversify its economy away from oil is focused on India as it steps up efforts
Thinking of a startup? Abu Dhabi's Hub71 offers a global incubation base
Hub71, a startup accelerator backed by Abu Dhabi’s government, is focused on India as it steps up efforts to establish itself as a technology hub linking Asia and the West, said a senior executive of the platform.
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1/2Source BS dddHub71’s plans are part of the emirate’s broader plan to diversify its economy away from oil is focused on India as it steps up efforts
Thinking of a startup? Abu Dhabi's Hub71 offers a global incubation base
Hub71, a startup accelerator backed by Abu Dhabi’s government, is focused on India as it steps up efforts to establish itself as a technology hub linking Asia and the West, said a senior executive of the platform.
)
1/2Source BS dddHub71’s plans are part of the emirate’s broader plan to diversify its economy away from oil is focused on India as it steps up efforts
Thinking of a startup? Abu Dhabi's Hub71 offers a global incubation base
Hub71, a startup accelerator backed by Abu Dhabi’s government, is focused on India as it steps up efforts to establish itself as a technology hub linking Asia and the West, said a senior executive of the platform.
First Published: Aug 07 2025 | 2:21 PM IST
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