India-US Trade Deal: A Catalyst for Economic Growth
The recently concluded India-US trade deal is expected to significantly boost India's growth prospects by reducing tariffs on Indian exports to 18%. The agreement aims to fortify bilateral trade relations, enhance investment opportunities, and support India's ambition to become a global manufacturing and innovation hub.
- Country:
- India
The new India-US trade deal is being hailed as a transformative step for India's economic ambitions. Industry leaders suggest the agreement will enhance the country's global competitiveness in manufacturing and innovation.
Mahindra Group CEO Anish Shah expressed optimism, calling it a “significant step forward” for bilateral trade and investment. The agreement slashes reciprocal tariffs on Indian exports to 18%, promising improved business predictability and confidence.
Aditya Birla Group Chairman Kumar Mangalam Birla and TVS Motor Company Chairman Sudarshan Venu echoed similar sentiments. The deal strengthens strategic ties and unlocks manufacturing opportunities, aligning with Prime Minister Modi's vision for a Viksit Bharat by 2047. Anand Mahindra and other business leaders praised the deal's potential to cement enduring economic partnerships.
ALSO READ
-
U.S.-India Trade Breakthrough: Tariffs Reduced and Key Deals Initiated
-
Truckers Protest Trade Tariffs in Escalating Colombia-Ecuador Row
-
Odisha Cheers Historic India-US Trade Deal: A Boost for Local Growth
-
India-US Trade Deal: A Significant Breakthrough in Tariff Reduction
-
A New Era in US-India Trade Relations: Tariff Reductions Announced
Google News