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Home > All news > Economy > India seen among Asia’s fastest growing economies as Trump’s tariff meets PM Modi’s GST power move : Fitch

India seen among Asia’s fastest growing economies as Trump’s tariff meets PM Modi’s GST power move : Fitch

August 28, 2025
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New Delhi - India is expected to remain one of the fastest-growing emerging market economies in Asia through this decade, with GDP holding above 6%, even as fresh US tariffs bite into export growth, according to BMI, a Fitch Solutions company. The Fitch company said, the drag from Washington’s 50% ‘reciprocal’ tariffs could be cancelled out by Prime Minister Narendra Modi’s Goods and Services Tax (GST) reform, which aims to cut rates and boost private consumption from October.“We forecast India’s economic growth to steadily slow to just above 6.0% by the decade's end . . .

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