Tariff resilience: India’s domestic demand shields economy from tariff shocks, says BoB chief economist

Bank of Baroda’s chief economist suggests India’s domestic demand and service exports will buffer the impact of new US tariffs. While sectors like electronics and garments face risk, India’s non-export-oriented model provides resilience. The bank projects a 6.4-6.6% GDP growth for FY26, factoring in potential export disruptions and a manageable current account deficit.