By Admin 
Us tariff on india: US President Donald Trump had put a 50 percent tariff on Indian goods. Then recently he has announced to impose 100 percent tariff on imports of medicines. According to a report, these decisions of Trump administration can have a negative impact on India’s economic growth.
The report of Crisil Intelligence reports that the high tariff of America can pose a big threat to the country’s economic growth. Crisil has also reported that this will also have a negative impact on the export and investment of Indian goods. However, the softening of inflation and the cuts made in interest rates have increased consumption of household goods, which is expected to support the economic growth.
The GDP was ahead of the previous year in the first quarter of the financial year 25-26. In the last year, where GDP was 7.4 percent in this period, this year it is 7.8 percent. The increase in nominal GDP declined to 8.8 percent, which was 10.8 percent in this period last year.
What will be the effect on inflation?
Crisil has stated in its report that inflation on the basis of consumer price index (CPI) in the current financial year can decrease from 4.6 percent to 3.5 percent. Crude oil prices are also expected to be curbed on softening and globally non-eating inflation.
According to the report, the growth of the agriculture sector has been good, which can keep food inflation controlled. However, in some areas, crops have been damaged due to heavy rains, but how big the damage is, it has not been assessed yet. Also, till June this year, RBI has cut the repo rates by 100 basis points. Now the positive impact on the market of these cuttings is awaited.
Trade talks continue from America
In the midst of all these, the conversation between India and America has started again. This month, American officials visited India]after which India has also sent its team to America. The team is being led by Commerce Minister Piyush Goyal. Till now the conversation is being said to be positive, if the matter between the two countries becomes quick, then it will remain a positive impact on the Indian economy.
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