The 25-per cent US tariffs along with a penalty for Russian imports may dent India’s economic growth by 30 bps in FY26, but the higher duty may not significantly hit the country’s economy driven by domestic demand, Barclays has said.
As India is diversifying its sources of oil supply, if the additional ‘penalty’ threat materialises, Barclays expects Indian refiners to pivot towards alternate suppliers.
As India is diversifying its sources of oil supply, if the additional ‘penalty’ threat materialises, Barclays expects Indian refiners to pivot towards alternate suppliers.
