https://www.taxtmi.com/news?id=40277 Trade tariff measures have clouded the global economic outlook and are expected to weigh on India's merchandise exports while services remain resilient. The Reserve Bank lowered its growth projection for the current financial year, citing amplified global trade and policy uncertainties. Market responses-currency weakness, softer bond yields, equity corrections and lower crude-along with policy divergence among central banks, and uncertainties about tariff incidence and demand elasticities, make precise quantification of the adverse impact difficult. US reciprocal tariffs imposing an additional 26 percent on selected Indian products are a notable transmission channel. en-us Wed, 09 Apr 2025 12:01:03 +0530 Wed, 09 Apr 2025 12:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=40277 Trade tariff measures have clouded the global economic outlook and are expected to weigh on India's merchandise exports while services remain resilient. The Reserve Bank lowered its growth projection for the current financial year, citing amplified global trade and policy uncertainties. Market responses-currency weakness, softer bond yields, equity corrections and lower crude-along with policy divergence among central banks, and uncertainties about tariff incidence and demand elasticities, make precise quantification of the adverse impact difficult. US reciprocal tariffs imposing an additional 26 percent on selected Indian products are a notable transmission channel. News - Wed, 09 Apr 2025 12:01:03 +0530 https://www.taxtmi.com/news?id=40277