It was surprising that Trump imposed 50% tariffs on us, but our growth accelerated: Govt

India was expected to be one of the early winners of Donald Trump's new tariff regime, so it surprised many when he hiked tariffs on India to 50%, Economic Survey 2026 said. It noted that India then revised its growth estimates downward, but in reality, growth accelerated. It listed GST overhaul and new FDI rules as reasons for the acceleration.