The United States has updated its import tariffs on Indian goods, reducing the rate from the previously announced 27 per cent to 26 per cent, according to a revised White House document. These tariffs are set to take effect on April 9,

India's economic growth could slow by 20-40 basis points in the ongoing financial year due to the latest U.S. tariffs, which would prompt deeper interest rate cuts by the central bank, analysts said.

The chart indicated that India charged 52 per cent tariffs, including currency manipulation and trade barriers, and America would now charge India a discounted reciprocal tariff of 26 per cent. Earlier,