# India: Tariffs, tax cuts and expensive visa hikes

An episode of [Under the Banyan Tree by HSBC Global Research](https://invisiblenetwork.ai/podcast/1702829388), 25 Sep 2025, 17 min.

Audio: https://sphinx.acast.com/p/open/s/64db93c01796c400110e0ce3/e/68d4f823563e57ba4acd8548/media.mp3

Pranjul Bhandari, Chief India Economist and Strategist at HSBC, joins Fred to discuss the outlook for India's economy at a time of higher-than-expected US tariffs, visa changes and domestic reform. For more content from HSBC Global Investment Research, follow us on LinkedIn: #HSBCResearch. And don't forget to follow our global podcast "The Macro Brief" on YouTube, Apple Podcasts, Spotify, or wherever you get your podcasts. Email us at AskResearch@hsbc.com for any questions. Disclosures and Disclaimers: https://www.research.hsbc.com/R/101/lTWL7T7 Hosted on Acast. See acast.com/privacy for more information.

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