IMF Sounds Alarm On Tariffs, India Argues Growth Won't Take A Hit

Contributing sentiments towards policy:

66% : For the medium term, the IMF called for rebuilding fiscal buffers through improved domestic revenue mobilisation and more efficient public spending, particularly through better-targeted social safety nets.
58% : However, Indian authorities pointed to upside potential stemming from newly concluded and upcoming free trade agreements (FTAs), stressing that the IMF's potential growth estimates were overly conservative.
51% : They also advised closely monitoring the fiscal impact of lower GST and personal income tax rates.
30% : It highlighted that the recent Goods and Services Tax (GST) reform, along with reductions in the effective rate, would help cushion the blow from the 50 per cent US tariffs, which include a 25 per cent levy tied to India's purchases of Russian energy.

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