India will have GDP loss of 50 bps if US applies 20 pc reciprocal tariffs: SBI

State Bank of India predicts a potential 50 basis points loss to India's GDP if a 20 per cent tariff is imposed on Indian exports to the US. The agriculture, financial, and chemical sectors would be significantly impacted. The report also mentions that this scenario is unlikely. India and the US continue to engage in discussions to resolve tariff disputes.