‘No major downside’: CEA V Anantha Nageswaran asserts US tariffs’ impact to be short-lived; pegs India’s FY26 GDP at 6.3-6.8%

Chief Economic Advisor anticipates India’s economy to grow between 6.3% and 6.8% in FY26, dismissing concerns about high US tariffs causing significant risks. The economy expanded by 7.8% in April-June, driven by a robust farm sector, outpacing China’s growth. Manufacturing activity remained steady, contributing to the overall positive economic outlook.