India’s Finance Secretary Seth has warned that the country’s economic growth could face a reduction of 0.5% as a result of US tariffs. Seth emphasized the possible negative impact of indirect repercussions during his address in Washington. Despite India’s aspirations for a 7% growth rate over the next ten years, the World Trade Organization (WTO) has projected a global trade deceleration, worsened by US trade policies and ongoing tensions with China. This news comes at a time when many countries, including India, are grappling with the challenges posed by protectionist measures and escalating trade disputes. The potential economic ramifications of these developments underscore the need for governments to navigate these uncertain waters with caution and strategic planning.

Posted in
JUST IN
US Tariffs Could Cut India’s Economic Growth by 0.5%, Warns Finance Secretary Seth in Washington.
In Trend

India’s Formal Job Sector Booms: Record 14.5M Net Job Additions Expected in FY 2024-25, Driven by Formalization Efforts
