Goldman Cuts India GDP on Trump Tariff Threat
Goldman Sachs’ India forecast has been trimmed down following President Trump’s threat to impose 25% tariffs on Indian goods, and this has created quite a stir in financial circles right now. The global investment bank actually reduced India’s growth projections by 0.1 percentage point for 2025 and even 0.2 percentage point for 2026, citing Trump’s 25% tariffs along with escalating US-India trade tensions. Goldman Sachs’ India Forecast Cut Tied to Trade Tensions and Slowdown Source: Business Standard The Goldman Sachs India forecast revision reflects mounting concerns over the India economic slowdown and potential global market impact that could unfold. Trump actually criticized India for maintaining tariffs that are “among the highest in the World” and also described them as the most “strenuous and obnoxious non-monetary trade barriers of any country.” Goldman Sachs stated: “In our view, some of these tariffs are likely to be...