Kolkata: India growth story will continue to shine through amid the clouds of trade tariff, fragile capital flow and rising fiscal strain in developed economies, SBI Capital Markets in a report, attributing the GDP growth to robust domestic spending and continued spending by the government. The report titled ‘Tariffs are Made in the USA, but Resilience is Made in India’ also mentioned that a US appeals court has already described the retaliatory tariffs by President Donald Trump “unconstitutional”, which compelled the government to appeal to the country’s Supreme Court.

“The administration has escalated the case to the Supreme Court, leaving three broad outcomes: tariffs maintained, renegotiated, or scrapped. Until clarity emerges, trade-policy volatility remains elevated, with key pressure points in autos, electronics, and textiles,” wrote SBI Caps in the report. Trump’s tariffs have raised concerns in various labour-intensive sectors such as textiles and marine products with 50% tariffs injecting........

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