‘Tariffs to hit growth in second half’: RBI governor Sanjay Malhotra on impact of Trump trade war; confident of India’s economic residence

RBI Governor Sanjay Malhotra warned that US tariffs pose risks to India's economic growth, potentially decelerating it from late 2025. Despite this, the economy remains resilient, bolstered by domestic factors and GST reforms. The central bank, however, kept the repo rate unchanged at 5.5%

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