US tariffs may trim India’s growth by 0.5%, warns Finance Secretary Seth, amidst global trade slowdown concerns.

India’s Finance Secretary Seth has warned that the country’s economic growth may face a reduction of 0.5% as a result of the tariffs imposed by the United States. Seth, speaking in Washington, emphasized the potential harm caused by indirect repercussions, at a time when India is targeting a growth rate of 7% over the next ten years. The World Trade Organization (WTO) has projected a deceleration in global trade, worsened by the policies of the United States and ongoing trade tensions with China. The uncertainty surrounding international trade dynamics is likely to impact India’s economic trajectory in the near future.

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