India's GDP may be impacted by proposed US tariffs raising by an estimated 0.1 to 0.6 percentage points, as per Goldman Sachs analysis. The potential rise in tariffs by 6.5 to 11.5 percentage points on Indian imports may significantly affect India's trade dynamics with the US.

With tariffs on imports averaging 14%, India is especially vulnerable to the reciprocal levies Trump says he will impose on some countries.

President Donald Trump and Indian Prime Minister Narendra Modi held a joint news conference as the two leaders work toward a trade deal and try to reinforce a relationship. Earlie