India, other Asia-Pacific nations to see 0.2-0.4 percentage points fall in growth if US levies reciprocal tariffs: S&P

S&P Global Ratings warned that if the U.S. fully implements reciprocal tariffs announced on April 2, major Asia-Pacific economies like India, China, and Japan could see their GDP growth fall by 0.2–0.4 percentage points over the next two years. For India, growth could dip from earlier projections of 6.5% (2025) and 6.8% (2026) to 6.3% and 6.5%, respectively.