Reserve Bank of India (RBI) Governor Sanjay Malhotra has said that the tariffs imposed by the Donald Trump-led US administration on India is not a big concern since India is a domestic-driven economy.

"India is mostly a domestically driven economy, so while we are impacted, it's not a matter of huge concern," Malhotra said, speaking on the sidelines of the International Monetary Fund (IMF) and World Bank Fall meetings at the IMF headquarters in Washington, DC.

“There will be an upside if we are able to have an early resolution,” said Malhotra, who met the Indian team negotiating the trade deal with US counterparts, too.

What did the IMF say?

The International Monetary Fund warned that the global economy is showing signs of strain from sweeping US tariffs and protectionism, despite

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