Analyst: Trump's 50% tariff may lead to India's economic growth slowing down by 1%.

Analysts say that President Trump's imposition of tariffs on India will further damage the already slowing economy of this South Asian country, causing its GDP to shrink by up to one percentage point. Trump on Thursday doubled tariffs on Indian goods to 50% as a punishment for buying Russian oil, a move that could make many industries lose their competitiveness in exporting to the United States. Institutions estimate that the cumulative tariffs could reduce India's exports to the US by 60% and cause the GDP to decrease by about one percentage point. The Reserve Bank of India is forecasting economic growth of 6.5% for the fiscal year 2026, remaining flat compared to last year and significantly lower than the previous average growth rate of 8%. Analysts Chetna Kumar and Adam Fara wrote that once the US announces tariffs on industries such as pharmaceuticals and electronics, the overall impact on GDP in the medium term could be even higher, reaching 1.1%.