Finance Secretary Seth warns US tariffs could cut India’s growth by 0.5%, amid global trade slowdown concerns.

India’s economic growth is facing a potential setback as Finance Secretary Seth warns of a 0.5% slash due to US tariffs. Seth emphasized the looming threat of indirect consequences on India’s growth trajectory, which aims for a 7% increase in the next decade. The World Trade Organization (WTO) has predicted a slowdown in global trade, further worsened by US policies and escalating tensions with China. The impact of these factors on India’s economy underscores the need for strategic planning and risk management in the face of uncertain international trade dynamics.

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