💨 Abstract

Former RBI governor Raghuram Rajan has described the US tariffs on about 60 countries, including India, as a "self goal" that will adversely affect the US economy first and foremost. Rajan noted that the tariffs will raise prices for US consumers, reducing their demand and impacting Indian growth. However, he also pointed out that the overall impact on India will be smaller due to the tariffs being applied on other countries as well.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖