No major downside risks seen on India due to trade war: Official

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.

--IANS
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