India's GDP to Receive 20-30 Basis Point Boost from US Tariff Cut.

India's economy is expected to gain from lowered US tariffs, with economists estimating a 20-30 basis point boost to GDP next fiscal year. The move is likely to benefit sectors such as gems & jewellery, textiles, and marine products that faced a drop in exports to the US. Exports to the US account for 2% of India's GDP, with HDFC Bank and IDFC First Bank estimating an upside of 20-30 bps to its FY27 growth forecast of 6.9%.