Congress MP Manish Tiwari on Tuesday questioned whether New Delhi has sacrificed its strategic autonomy to seal the trade deal with Washington, which would require India to divert its oil purchases from Russia to the US and "potentially" to Venezuela.
Industry experts have welcomed the U.S.-India trade deal, terming it a major positive for Indian markets and export-oriented sectors, and said the move could revive foreign investor interest and strengthen macroeconomic indicators.
US International Development Finance Corporation Deputy CEO Nisha Biswal flagged pending implementation details in the US-India trade deal, as President Donald Trump announced tariff cuts to 18% and Prime Minister Narendra Modi welcomed stronger economic cooperation.
Rossow, in a conversation with ANI, highlighted how the US wanted to repair the trade deficit with India, and despite warm relations, there was a bit of ruffle.
The U.S. Chamber of Commerce on Tuesday welcomed progress of trade deal between the United States and India, a development that American and Indian businesses have long been seeking.
Finance Minister Nirmala Sitharaman on Tuesday welcomed the announcement of the India-United States trade deal under which Washington has reduced tariffs on Indian goods to 18 per cent.
Following the announcement of the India-US trade deal, which lowered tariffs on Indian imports to 18 per cent, US Congresswoman Sydney Kamlager-Dove on Monday (local time) urged the Trump administration to act swiftly to strengthen bilateral ties.
US Senator Lindsey Graham on Monday (local time) claimed that India has "earned" the reduction in tariffs under the newly announced India-US trade deal, linking the move to the decrease in Russian oil purchases by New Delhi amid the ongoing war in Ukraine.
He termed this "Trump-nirbharta", meaning dependence on Trump, while citing last year's Operation Sindoor and the announcement of the India-US trade deal earlier in the day as examples.
Following the announcement of the US-India trade deal, in which Washington reduced the tariffs on India to 18 per cent, South Asia analyst Michael Kugelman on Monday (local time) said that the agreement marks the "biggest victory" in bilateral relations between the two countries in nearly
Former Assistant US Trade Representative Mark Linscott on Monday (local time) welcomed the India-US trade deal, in which Washington reduced the tariffs on India to 18 per cent, saying that the agreement will help cement efforts by both countries to come closer economically.
Industrialist and Chairman of RPG Enterprises Harsh Goenka hailed the India-US trade deal, where Washington reduced the tariffs on India to 18 per cent, describing it as the "Father of all deals".