India might not face any "major downside risks" by the recent imposition of global trade protectionist measures between the US and China, a senior Finance Ministry official said on Friday.
"To be honest, I don't see any major downside risks," Secretary, Economic Affairs Subhash Chandra Garg said to a query at the 13th edition of CNBC-TV18 'India Business Leader Awards' about the downward risks India faced with the onset of a global trade war.
"The trade which we expect now to be cooling down, if turns differently... the trade war becomes more serious, their might be some implications."
"But, I don't really see for the Indian economy, a very major risk, we should actually be seeing risks tilted towards more positive movement rather than towards the downside," he said.
--IANS
rrb-rv/vd
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app