{"id":72465,"date":"2025-08-29T21:01:04","date_gmt":"2025-08-29T15:31:04","guid":{"rendered":""},"modified":"2025-08-29T21:01:04","modified_gmt":"2025-08-29T15:31:04","slug":"india-to-grow-at-6-3-6-8-pc-in-fy-26-gst-rate-cuts-to-boost-consumption-taper-tariff-shocks-cea","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=72465","title":{"rendered":"India to grow at 6.3-6.8 pc in FY?26, GST rate cuts to boost consumption, taper tariff shocks: CEA"},"content":{"rendered":"<p>India to grow at 6.3-6.8 pc in FY?26, GST rate cuts to boost consumption, taper tariff shocks: CEA<BR>GST<BR>Dated:- 29-8-2025<BR>PTI<BR>New Delhi, Aug 29 (PTI) Chief Economic Advisor V Anantha Nageswaran on Friday exuded confidence that the Indian economy will grow at 6.3-6.8 per cent in the current fiscal as proposed GST rate cut is expected to aid consumption, even though steep US tariffs pose a downside risk.<br \/>\n Briefing reporters after the April-June GDP growth data was released by the statistics ministry, Nageswaran also said that the 25 per cent penal tariff imposed by the US on Indian goods will be &#8220;short-lived&#8221; as both the countries are currently negotiating on it.<br \/>\n &#8220;There is some uncertainty with respect to the additional tariff w<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/news?id=54034\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p>jections if the (penal) tariffs remains for a longer period, but we are hopeful it would be resolved sooner,&#8221; he said.<br \/>\n The US has imposed a 50 per cent tariff on Indian goods, which includes a 25 per cent penalty for Russian oil imports, which has come into effect from August 27.<br \/>\n Nageswaran said the impact of penal tariffs in economic activity would be concentrated in second quarter (July-September).<br \/>\n &#8220;The removal of the uncertainty may unleash higher growth in the third and fourth quarters compensating the impact of second quarter,&#8221; Nageswaran said, adding that it is difficult to estimate the downside impact of high tariffs on growth as the situation is uncertain.<br \/>\n Various private sector estimates put the downside risks to GDP growth<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/news?id=54034\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India to grow at 6.3-6.8 pc in FY?26, GST rate cuts to boost consumption, taper tariff shocks: CEAGSTDated:- 29-8-2025PTINew Delhi, Aug 29 (PTI) Chief Economic Advisor V Anantha Nageswaran on Friday exuded confidence that the Indian economy will grow at 6<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-72465","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/72465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=72465"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/72465\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=72465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=72465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=72465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}