"Late last night, the US President tweeted on tariffs and referred to PM Modi as a true friend. After this, the PM tweeted, thanking the US President and on trade. The government will issue a suo motu statement on this trade deal and also hold a discussion on it," JP Nadda said in Rajya S
India-US trade deal is expected to provide a significant boost to Indian equities, with foreign portfolio investor (FPI) equity outflows likely to reverse and several key sectors poised to benefit, noted a report by Antique Stock Broking.
Congress MP Karti Chidambaram on Tuesday criticised the India-US trade deal, saying it undermines India's sovereignty as the US appears to be deciding India's trade and oil partners, and called for a relationship based on mutual trust and respect.
Textiles and Jewellery traders have welcomed the India-US trade deal, expressing enthusiasm over the reduced tariffs, predicting that a tariff of 18 per cent will increase sales by 100 per cent to 150 per cent.
Kwatra said that the talks between US President Donald Trump and Prime Minister Narendra Modi herald an exciting new phase in the partnership between both nations.
The Lower House of the Parliament on Tuesday was adjourned till 12 noon following continuous sloganeering by the Opposition MPs during the Question Hour.
Union Minister for Communications and Development of the North Eastern Region, Jyotiraditya M. Scindia, welcomed the landmark India-US trade deal, asserting that the agreement signals the unity of the world's two largest democracies to foster a 'stronger, more peaceful global order.
Yadav alleged that opening Indian markets to American agricultural products was a "betrayal" of nearly 70 per cent of the country's population that depends on farming for its livelihood.
Former MoS MEA MJ Akbar called the India-US trade deal the "first child" of the India-EU "mother of all trade deals." He praised PM Modi's cooperative nationalism for sidelining US tariff pressure, predicting stable, promising India-US ties ahead.
The industrialists in the country have welcomed the announcement of the India-US trade deal, stating that the agreement will strengthen strategic and economic ties between the two countries while opening up additional opportunities for investment and collaboration.
Shiv Sena (UBT) MP Priyanka Chaturvedi on Tuesday flagged concerns over the India-US trade deal as Washington claimed that the agreement will help them export more agricultural products to New Delhi and that India will stop purchasing oil from Russia.