US tariffs may cut India's economic growth by 0.5%, warns Finance Secretary Seth in Washington.

India's finance secretary, in a recent statement in Washington, warned that the country's economic growth could face a reduction of 0.5% due to the impact of US tari

India's finance secretary, in a recent statement in Washington, warned that the country's economic growth could face a reduction of 0.5% due to the impact of US tariffs. The finance secretary, Seth, emphasized that this decrease could occur as a result of both direct and indirect consequences of the tariffs. Despite this warning, India has set ambitious targets for economic growth, aiming for a 7% increase over the next decade. The World Trade Organization (WTO) has also predicted a slowdown in global trade, with US policies and ongoing trade tensions with China playing a significant role in exacerbating the situation. The potential impact of these factors on India's economy underscores the need for strategic planning and effective policy measures to mitigate any adverse effects.