Impact of U.S. Tariffs on India's Economy

U.S. President Donald Trump's 50% tariffs on India are poised to impact the nation's economy, potentially reducing its GDP by 0.5% to 0.6% this fiscal year, according to India's Chief Economic Adviser, V. Anantha Nageswaran.

During a Bloomberg TV interview, Nageswaran elaborated on the possible economic repercussions of these tariffs, highlighting the uncertain financial landscape they may create.

As the duration of these tariffs remains undetermined, experts are closely monitoring how these measures will influence India's economic performance.

(With inputs from agencies.)