US Reciprocal Tariffs to Have Limited Impact on India: S&P

“Right now, we anticipate that consumer spending and public investments will maintain real GDP growth at around 6.7 to 6.8 per cent in the next two years. These growth rates, even though slower than before, continue to place India above sovereign peers at similar income levels, and we do believe that this will continue to support fiscal revenue growth despite the income tax cuts,” Phua said.