New Delhi, April 6 (IANS) 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.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)