{"id":384161,"date":"2025-08-30T03:53:15","date_gmt":"2025-08-30T03:53:15","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/384161\/"},"modified":"2025-08-30T03:53:15","modified_gmt":"2025-08-30T03:53:15","slug":"no-major-downside-cea-v-anantha-nageswaran-asserts-us-tariffs-impact-to-be-short-lived-pegs-indias-fy26-gdp-growth-at-6-3-6-8","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/384161\/","title":{"rendered":"&#8216;No major downside&#8217;: CEA V Anantha Nageswaran asserts US tariffs&#8217; impact to be short-lived; pegs India\u2019s FY26 GDP growth at 6.3-6.8%"},"content":{"rendered":"<p> <img src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/1756525995_291_-.jpg\" alt=\"'No major downside': CEA V Anantha Nageswaran asserts US tariffs' impact to be short-lived; pegs India\u2019s FY26 GDP growth at 6.3-6.8%\" decoding=\"async\" fetchpriority=\"high\"\/> Chief Economic Advisor V Anantha Nageswaran on Friday said India\u2019s economy is expected to grow between 6.3% and 6.8% in FY26, adding that high US tariffs are unlikely to cause any significant downside risks. He stressed that the tariff impact will be temporary and will not derail India\u2019s growth momentum.Impact of high US tariffs to be short-lived, said CEA Nageswaran.<\/p>\n<p>India\u2019s \u2018Befitting Response\u2019 To Trump\u2019s 50% Tariffs; Sets Russian Oil &#8216;Import Record&#8217; | Report<\/p>\n<p>\u201cDespite the reciprocal tariffs and penal tariff (imposed by US), and after seeing the resilience of Q1 growth we are retaining the growth rate projections for current fiscal at 6.3\u20136.8%,\u201d Nageswaran told reporters.The Economic Survey tabled in Parliament in January had also projected real economic growth at 6.3\u20136.8% for FY26.The CEA expressed optimism that aggregate demand growth will hold steady, supported by an expected GST rate cut and festive season demand boosting consumption.Official data showed the economy expanded 7.8% in April\u2013June, the fastest pace in five quarters and well ahead of China\u2019s 5.2% in the same period. The robust growth was driven by the farm sector, which recorded a 3.7% increase compared with 1.5% a year earlier, according to the National Statistical Office (NSO).The April\u2013June growth rate was the highest since 8.4% recorded in January\u2013March 2024. Manufacturing also held steady, rising 7.7% in Q1 against 7.6% in the same quarter of 2024-25.Manufacturing activity remained broadly steady, with growth at 7.7% in the first quarter of FY26 compared with 7.6% a year earlier.Earlier this month, the Reserve Bank of India projected real GDP growth at 6.5% for FY26, with estimates of 6.5% in Q1, 6.7% in Q2, 6.6% in Q3 and 6.3% in Q4.<\/p>\n","protected":false},"excerpt":{"rendered":"Chief Economic Advisor V Anantha Nageswaran on Friday said India\u2019s economy is expected to grow between 6.3% and&hellip;\n","protected":false},"author":2,"featured_media":384162,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[133290,51,1700,133292,133289,133291,16,15,130189],"class_list":{"0":"post-384161","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-anantha-nageswaran-cea","9":"tag-business","10":"tag-economy","11":"tag-india-economic-growth-rate","12":"tag-india-gdp-growth-fy26","13":"tag-reserve-bank-of-india-gdp-projection","14":"tag-uk","15":"tag-united-kingdom","16":"tag-us-tariffs-impact-on-india"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115115695647215799","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/384161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=384161"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/384161\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/384162"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=384161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=384161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=384161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}