Govt economists warn trade deals may hurt growth and exports
In short
A government report warned that trade deals that weaken multilateral rules may hurt growth and exports.
It also said India is still trying to diversify trade while keeping the WTO at the center. The report does not say which deals are being referred to or how big the impact could be.
What the reporting says
A Department of Economic Affairs report said trade deals that undermine multilateralism may hit growth and exports, according to The Hindu Economy's summary. It also said India is pursuing a diversified trade strategy within the multilateral trading system and still wants the WTO at the core. The immediate impact is a policy warning, while the exact deals and any measured economic effect were not stated.
Why it matters
The Department of Economic Affairs report warned that trade deals outside strong multilateral rules could hurt growth and exports. It also said India is still pursuing a diversified trade strategy within the multilateral trading system and wants the WTO at the core. This matters for India’s exporters, importers and trade policy. The reporting does not identify the specific deals or quantify the expected impact.