US Tariffs Create Ripple Effect, Hurting Indian Economy: Finance Ministry Calls for Urgent Trade Talks

The Indian economy is facing challenges due to the ripple effects of US tariffs on Indian goods, according to the Finance Ministry’s latest monthly economic review. The report underscores the importance of ongoing India-US trade negotiations in addressing these growing concerns.

Secondary and Tertiary Impacts of Tariffs Under Scrutiny

The Finance Ministry report highlights the significance of tackling not just the direct impact of tariffs, but also the secondary and tertiary consequences. These ripple effects can include disruptions to supply chains, reduced investment, and increased prices for consumers.

Trade Talks Key to Mitigating Tariff Impact

The report emphasizes that successful trade negotiations with the US are crucial to mitigating these negative economic consequences. Finding common ground and reducing trade barriers will be essential for ensuring the continued health and stability of the Indian economy.