GTRI argued, once tariffs are cut in such agreements, it becomes nearly impossible to raise them again, even if prices crash, global trade is disrupted, or local farmers face sudden losses. It said this would expose India, especially as rich countries like the US and EU subsidise their agric
Indian stock indices remained in the green for the second straight day on hopes that the India-US trade deal is on the anvil, as Trump's commerce secretary recently indicated.
The market experts believe that the investors are buoyed by the hopes of developments in the India-US trade deal and a rate cut by the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI).
India is exploring increased imports of American shale gas, liquefied natural gas, and crude oil to diversify its energy sources and leverage competitive US pricing, a senior official said as both countries prepare for fresh bilateral trade negotiations.
Snapping three-day losses, Indian stock benchmarks settled in the green on Wednesday, on hopes that the India-US trade deal is on the anvil as was indicated by Trump's commerce secretary.
"Good discussions with Secretary Howard Lutnick towards expediting the first tranche of India-US Bilateral Trade Agreement," Minister Goyal posted on social media platform X yesterday, signalling positive momentum in the talks.
Indian stock indices slumped for the third straight session, possibly due to continued profit booking, while investors awaited further updates on India-US trade deal negotiations.
Union Commerce and Industry Minister Piyush Goyal held productive discussions on Tuesday with US Commerce Secretary Howard Lutnick, focusing on expediting the first tranche of the India-US Bilateral Trade Agreement.
Amid the ongoing trade tensions between US and China, countries like India and Japan may be able to negotiate better deals with the US, according to a report by Jefferies.
The upcoming India-US Bilateral Trade Agreement (BTA) is expected to become a model for India's future trade negotiations with other developed nations, according to a report by ACMIIL, a stock market company.