India's tax reforms to partially offset tariff hit on GDP growth, economic adviser says

(Reuters) -The impact of U.S. tariffs on the Indian economy will be partially offset by recent consumption tax cuts that are expected to boost domestic demand, India's Chief Economic Advisor said on Wednesday. The goods and services tax (GST) cuts announced by Prime Minister Narendra Modi's government would have "compensating effects" on India's economy, V. Anantha Nageswaran said. India's GDP growth for the current financial year is projected at 6.3%-6.8%.