U.S. Tariff Impact Much Less on India, Says RBI Governor Sanjay Malhotra
Date: 09-apr-2025 | By: Nuztrend Team
Speaking at the post-policy press conference in Mumbai on April 9, 2025, RBI Governor Sanjay Malhotra emphasized that the recent U.S. tariff measures would have a “much lesser impact on India” than on other economies.
“The global economic outlook is fast changing. The recent trade tariff-related measures have exacerbated uncertainties clouding the economic outlook across regions, posing new headwinds for global growth and inflation,” Malhotra noted.
However, he reassured that India's diversified trade base and improving domestic resilience make it better positioned to absorb these external shocks. “Amidst this turbulence, the U.S. dollar has weakened appreciably; bond yields have softened significantly; equity markets are correcting; and crude oil prices have fallen to their lowest in over three years,” he added.
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The governor also said the RBI is more focused on the potential impact on growth than inflation. “While inflation remains well-anchored, we are monitoring how trade dynamics may influence India’s export sector and overall economic momentum,” Malhotra said.
The remarks came shortly after the RBI announced a 25 basis point repo rate cut to 6%, the second such move in a row, aimed at supporting growth amidst global uncertainties and protectionist pressures.
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