- Malhotra said the impact depends on the extent of tariffs
- He said it is premature to give a full answer
- India has recently concluded or implemented several trade agreements
RBI Governor Malhotra said a failed India-US trade deal would likely hurt the economy, though he did not give a figure. He spoke at the post-monetary policy press conference.
Malhotra said the size of the impact depends on how far tariffs are applied. He called it premature to give a full answer, but said there would obviously be some negative effect.
Meanwhile, India has concluded or implemented a series of trade agreements in recent months. These could help the country diversify its export markets.
