India’s Finance Secretary, Seth, has warned that the country’s economic growth may face a reduction of 0.5% as a result of US tariffs. Seth, who recently spoke in Washington, emphasized the possible adverse effects stemming from indirect consequences. Despite India’s target of achieving a 7% growth rate over the next decade, the Finance Secretary’s concerns come amidst forecasts from the World Trade Organization (WTO) of a global trade slowdown. This slowdown is expected to be worsened by the trade policies of the United States and the escalating tensions between the US and China. The impact of these factors on India’s economic trajectory remains a significant point of concern for policymakers and economists alike.

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India’s growth at risk as US tariffs may cut 0.5% economic growth; WTO warns of global trade slowdown
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