America had increased the tariff on India to 50 percent (US Tariff On India) in the month of August. After this, many apprehensions related to its impact are also being expressed in the country, but Central Reserve Bank Governor Sanjay Malhotra has said a big thing on this. On the occasion of the annual meeting of IMF and World Bank in Washington DC, America, he said that India’s economic fundamentals are very strong and American tariffs are not a matter of major concern.
‘Tariff is not a matter of concern for India’
RBI Governor Sanjay Malhotra donald trump During his tenure, he has directly rejected the concerns related to American tariffs imposed on India. He said that India’s domestic economy can definitely face trade pressure instead of tariffs. On the occasion of the meeting of IMF and World Bank, he made it clear that India is mainly a domestic economy, hence it has an impact on us, but it is not a matter of major concern at all.
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