<ul><li>India’s GDP growth is expected to be around 6% in the financial year 2026 due to the broader impact of US President Donald Trump’s tariff policy, according to Sonal Varma, chief economist at Nomura.</li><li>Although India's direct exposure to US tariffs is limited, the broader effects could be severe.</li><li>The direct impact of US tariffs on India is likely to cause a 20-30 basis point impact on GDP growth.</li><li>Varma also predicted a slowdown in the US, Europe, and Asia due to uncertainties over President Trump’s tariff policy.</li></ul>

India’s GDP Growth Could Be Impacted By Up To 30 Basis Points: Nomura’s Sonal Varma On US Tariffs

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