According to Prasad, the world has not gone back to its pre-tariff-saga state, and it’s unlikely to. The US has clear objectives: reduce trade deficit, push reindustrialization, and support a weaker dollar. He anticipates three more months of tariff-related uncertainty and slower decision-making across corporates. “If global GDP was earlier expected to grow at 3%, we are now closer to 2%,” he warns. India, too, has seen its growth estimate revised down from 6.5% to 6%.
