The economic consequences stemming from the uncertainty unleashed by US President Donald Trump’s tariff policies are becoming visible. Countries across the world are being affected. On Tuesday, the International Monetary Fund lowered its forecast for global growth and trade this year. Alongside, the Fund cut India’s growth estimate by 30 basis points to 6.2 per cent. A day later, the World Bank also lowered the country’s growth projection, pegging growth at 6.3 per cent this year, down from its earlier assessment of 6.7 per cent. Some expect an even greater hit to growth. The RBI, however, is less pessimistic. It has scaled down its estimate of........

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