RBI Governor Sees India's Growth Moderately Hit on Tariff Woes
India's economic growth will see a short-term impact of the ongoing tariff tensions, the central bank governor said, though the South Asian nation will stay resilient amid geopolitical and trade uncertainties.
'I am hopeful that the impact of trade tariffs on our growth will be moderate,' Reserve Bank of India Governor Sanjay Malhotra said in an interview with the Times of India published Friday. Despite the global turmoil, India will remain the fastest-growing major economy 'not only this year, but also in the decade ahead,' he said.
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