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RBI More Concerned About Tariff Impact On Growth Than Inflation, Says Governor Malhotra

  • The Reserve Bank of India is more concerned about the potential impact of US-led tariffs on economic growth than on inflation, according to Governor Sanjay Malhotra.
  • The 20-basis point reduction in India's growth forecast reflects the cautious outlook amid the evolving global trade scenario.
  • Global growth estimates have been revised downward due to escalating tariffs, and the growth impact remains a greater concern for India.
  • To support economic activity, the RBI has cut interest rates for the second consecutive time and shifted its monetary stance to 'accommodative'.

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