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

US President Donald Trump on Wednesday slapped a 26 per cent reciprocal tariff on India, threatening the Reserve Bank of India’s (RBI) estimate of 6.7pc economic growth in 2025-26 and the government’s economic survey forecast of 6.3pc-6.8pc.

After the tariffs, Goldman Sachs lowered its growth estimate to 6.1pc from 6.3pc. Citi forecast a 40 bps........

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