RBI Bulletin: US Tariffs To Hit Net External Demand, But GST Cuts Will Mitigate Adverse Impact - NDTV Profit

The Reserve Bank of India, in its monthly bulletin, acknowledged the potential adverse impact of US tariffs on India's merchandise exports, but highlighted the support offered to the economy by the recent rationalisation in goods and services tax rates. "The high US tariffs, unless resolved, could reduce India’s merchandise exports to the largest export destination, adversely impacting net externa…