The reduction in tariffs under the India-US trade deal framework is expected to significantly improve the competitiveness of Indian exports and deliver broad-based gains for the chemical industry, Ramya Bharathram, President of the Indian Chemical Council (ICC), said on Monday.
Samajwadi Party Chief Akhilesh Yadav on Tuesday hit out at Bharatiya Janata Party (BJP) over the India-US trade deal, asserting that "America se deal nahi dheel hui hai."
Indian stock indices settled higher on Tuesday, extending gains from the previous session, with analysts attributing it to the interim trade deal with the US, the possible return of foreign institutional investors, and positive cues from other Asian markets.
Congress President Mallikarjun Kharge on Tuesday criticised the Union government over the framework of the India-United States Interim Trade Agreement, claiming it undermines India's strategic autonomy, farmers, cattle, and textile sector.
Opposition MPs staged a protest against the framework of the India-United States Interim Trade Agreement on Tuesday at the Makar Dwar of the Parliament.
Global brokerage firm Goldman Sachs has upgraded its growth outlook for India and lowered its estimate of the country's current account deficit (CAD) following the announcement of the India-US trade deal, citing the positive impact of lower US tariffs on Indian exports.
Union Minister for Commerce and Industry Piyush Goyal on Tuesday expressed confidence that the India-US partnership will scale new heights in the coming period, particularly in the backdrop of the recently announced interim India-US trade deal.
Congress MP Manish Tewari on Tuesday moved an Adjournment Motion notice in Lok Sabha, seeking discussion on the framework of the India-United States Interim Trade Agreement.
"Last Friday, in a Joint Statement, President Donald J. Trump announced a trade deal between the United States and India that will open up India's market of over 1.4 billion people to American products," the statement said.
Speaking to ANI, SKM Convenor Hannan Mollah expressed its disagreement with the deal, citing adverse repercussions on the Indian farmers. He accused the BJP-led Central government of "surrendering before the shrewdness of the US."
Union Commerce Minister Piyush Goyal on Monday credited US Ambassador to India Sergio Gor for the successful conclusion of the framework for the India-US interim trade agreement, praising his "support and personal leadership" in strengthening bilateral economic ties between the two countr