CEA Anantha offseran retains FY26 GDP at 6.3-6.8% despite Trump's 50% tariff-here is what he said

India’s chief economic adviser (CEA), V Anantha offspring, said on Friday, August 29, 2025, that the country is retaining its GDP growth rate, despite the heavy 50% tariffs imposed by US President Donald Trump, PTI news agency reports. At a press conference on Friday, CEA offseran said that the finance ministry, due to the ‘resilience’ in the growth rates in April-June, retains its growth rate expectations in the region of 6.3% to 6.8% for the financial year of the Indian economy 2025-26. “Despite the reciprocal rates and criminal tariffs (imposed by the US), and after seeing the resilience of the Q1 growth, we retain the growth rate for current fiscal at 6.3-6.8 percent,” offspring on Friday told the media. The annual economic survey, presented before the Union budget before the Union Parliament, also mentioned that economists predict a GDP growth of 6.3% to 6.8% for the 2025-26 financial year. According to the agency report, offspring that the total demand growth in the Indian economy must meet in the coming quarters, as the country will now focus on the GST rate cut and the festive season claim to increase consumption in the country. Esesis on Trump’s Tariffs The Chief Economic Advisor (CEA), V anantha offspring, said they do not expect “significant” disadvantage risks to GDP growth due to high US rates. “Not to expect significant disadvantage risks for GDP growth due to high US rates,” CEA from Anantha told the media on Friday. Esesis also mentions the impact of the high US rates on the country’s economy ‘of short duration’. US President Donald Trump imposed a total of 50% rates on all imports of India on the 10% tariff for all goods imported in the United States. Mint reported earlier that US President Donald Trump imposed 25% initial rates on India before his 1 August 2025 tariff date. Later, he signed an executive order in which he added 25% additional rates on all imports from India, which came into effect on August 27, 2025. Trump has quoted India’s oil trade with Russia and the country’s high rates on us as the reason behind the heavy import tax. India’s GDP Snapshot Mint reported on Friday that the Indian economy recorded a growth of the gross domestic product (GDP) of 7.8% in the first quarter of the financial year 2025-26 as a result of continued lower inflation. This is an increase of 40 basis point from GDP growth rate of 7.4% in the previous quarter. “India’s Real GDP Surged by a Robust 7.8% in Q1 of FY 2025-26, Well Above the 6.5% Recorded a Year Earlier, Signalling Strong Momentum at the Very Start of the Fiscal Year. The Services Sector Added Further Strength With 7.6% Real Gva Growth, Reflect DEPEPTENING DEPENING DEEPENDENE Dynamism Across Key Areas, ”said Sanjay Nayar, The President of Industry Body -Associated Chambers of Commerce and Industry of India (Assocham), according to an ANI report. “This encouraging performance underlines India’s resilience and adaptability, and confirms the vibrant growth track and ensures that the nation will confidently sail through the prevailing global wind,” he said.