Brief by Shorts91 Newsdesk / 10:32am on 01 Aug 2025,Friday India Global
India's State Bank of India (SBI) Research labeled President Trump's newly imposed 25% tariffs on Indian imports—set to take effect around August 7, 2025—a "bad business decision," forecasting heavier economic costs for the U.S. than India . U.S. households could face an average increase of $2,400 annually, with low-income families losing about $1,300 and higher earners up to $5,000 due to rising prices across electronics, apparel, and auto parts . SBI projects India’s GDP decline at only 25–30 basis points, cushioned by its diversified export base and policy support. (PC: Business Today)
