Trade deals that undermine multilateralism may hit growth and exports, govt economists warn

Government economists are warning that trade deals that undermine the principles of multilateralism may have negative effects on economic growth and exports. This is because such deals can create uncertainty and instability in the global trade environment, making it harder for countries to predict and prepare for trade outcomes. The economists' warning highlights the importance of maintaining a stable and rules-based multilateral trading system, which is crucial for promoting trade and economic growth.

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India's diversified trade strategy may mitigate risks to growth and exports. However, the report warns that trade deals undermining multilateralism could still have a negative impact.

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