New Delhi, April 18 -- The world is going through a "very challenging" phase of trade calibrations, Union finance minister Nirmala Sitharaman said on Thursday, warning that intensifying tariff wars and rising protectionist policies threaten to disrupt global supply chains.
Speaking at the 150-year celebrations of the Bombay Stock Exchange (BSE), Sitharaman said that current trade tensions could "increase production cost and create uncertainty in investment decisions across borders," with ripple effects on financial markets globally, including in India.
Despite these challenges, the finance minister expressed confidence that India would navigate global disruptions effectively, citing the "robustness of Indian institutions and the governmen...