Indian Economy and Business: Robust GDP Growth Amidst US Tariff Challenges and Key Corporate Announcements

August 30, 2025

India's economy demonstrated significant resilience, growing by a better-than-expected 7.8% in the first quarter of fiscal year 2025-26, solidifying its position as the world's fastest-growing major economy. However, this positive economic news was overshadowed by the implementation of a 50% tariff by the United States on Indian goods, which has raised concerns about export competitiveness and led to a depreciation of the Indian Rupee to an all-time low. The Indian government has announced plans to introduce new measures to bolster exports and diversify trade to mitigate the tariff's impact. Meanwhile, the stock market experienced a downturn amidst these trade tensions. In corporate news, Reliance Industries held its 48th Annual General Meeting, where significant announcements regarding Jio's IPO plans, expansion into AI, and ambitious growth targets for Reliance Retail were made.

ALL TN Comp Exams Prep

Indian Economy and Business: Robust GDP Growth Amidst US Tariff Challenges and Key Corporate Announcements

Your Score: 0 / 0

1. What was India's GDP growth rate in the April-June quarter (Q1) of fiscal year 2025-26?

2. Which of the following factors was a primary contributor to India's robust economic growth in Q1 FY25-26?

3. What is the total percentage of the steep tariff imposed by the United States on Indian products, effective August 27, 2025?

4. The US tariff on Indian products includes a penalty related to India's purchases of oil from which country?

5. Which of the following sectors is NOT explicitly mentioned as being among the hardest hit by the new US tariffs?

6. Who is the current Commerce and Industry Minister of India, mentioned in the context of government measures to mitigate tariff impact?

7. According to Chief Economic Advisor V Anantha Nageswaran, what is the anticipated growth range for the Indian economy in FY26, despite the high tariffs?

8. The Indian government plans to diversify trade to new international markets, particularly towards which region, to mitigate the impact of US tariffs?

9. What was the all-time low value reached by the Indian Rupee against the US Dollar on August 29, primarily due to tariff concerns?

10. How did Foreign Institutional Investors (FIIs) react to the news of US tariffs on August 29, as per the provided content?

11. What is the target timeframe for Jio's Initial Public Offering (IPO) as announced by Mukesh Ambani?

12. Reliance Industries aims to double its EBITDA by the end of which year?

13. What is the name of the new unit formed by Reliance to drive its artificial intelligence ambitions?

14. Who highlighted Reliance Retail's target of achieving a revenue CAGR of over 20% in the next three years?

Indian Economy and Business: Robust GDP Growth Amidst US Tariff Challenges and Key Corporate Announcements

Your Score: 0 / 0

1. What was India's GDP growth rate in the April-June quarter (Q1) of fiscal year 2025-26?

2. Which of the following factors was a primary contributor to India's robust economic growth in Q1 FY25-26?

3. What is the total percentage of the steep tariff imposed by the United States on Indian products, effective August 27, 2025?

4. The US tariff on Indian products includes a penalty related to India's purchases of oil from which country?

5. Which of the following sectors is NOT explicitly mentioned as being among the hardest hit by the new US tariffs?

6. Who is the current Commerce and Industry Minister of India, mentioned in the context of government measures to mitigate tariff impact?

7. According to Chief Economic Advisor V Anantha Nageswaran, what is the anticipated growth range for the Indian economy in FY26, despite the high tariffs?

8. The Indian government plans to diversify trade to new international markets, particularly towards which region, to mitigate the impact of US tariffs?

9. What was the all-time low value reached by the Indian Rupee against the US Dollar on August 29, primarily due to tariff concerns?

10. How did Foreign Institutional Investors (FIIs) react to the news of US tariffs on August 29, as per the provided content?

11. What is the target timeframe for Jio's Initial Public Offering (IPO) as announced by Mukesh Ambani?

12. Reliance Industries aims to double its EBITDA by the end of which year?

13. What is the name of the new unit formed by Reliance to drive its artificial intelligence ambitions?

14. Who highlighted Reliance Retail's target of achieving a revenue CAGR of over 20% in the next three years?

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