US Tariffs Could Cut India's Economic Growth by 0.5%, Warns Finance Secretary Seth in Washington

India's Finance Secretary Seth warned that the country's economic growth may face a reduction of 0.5% as a result of US tariffs. Addressing the issue in Washington,

India's Finance Secretary Seth warned that the country's economic growth may face a reduction of 0.5% as a result of US tariffs. Addressing the issue in Washington, Seth emphasized the negative impact stemming from indirect repercussions, despite India's target of achieving 7% growth over the next ten years. The World Trade Organization (WTO) has predicted a worldwide trade deceleration, worsened by American trade policies and escalating tensions with China. These developments could have significant implications for India's economy in the coming years.