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
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