New Delhi, March 26 -- Global tensions, trade policy uncertainties, volatile commodity prices and financial market fluctuations pose significant risks to global and domestic growth, the Union finance ministry said, at a time when India is working to limit the impact of US tariff actions.

In FY25, India's exports slowed due to tariff-related developments across multiple countries, increasing trade risks and disrupting global investment and trade flows, the ministry said in the economic review for February released on Wednesday.

"The Global Trade Policy Uncertainty Index rose to a record high of 237.4 in Q4 2024. Tariff-related developments in multiple countries have heightened trade-related risks, affecting investment and trade flows glo...