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
During a reception hosted at the residence of the US Ambassador in the national capital, Gor said that the Trump administration at the White House "is paying attention" to India, thanking the strong ties between PM Modi and President Trump for the conclusion of the interim trade agreement
After the Union Minister of State for Finance Pankaj Chaudhary moved the motion to discuss the Union Budget, Opposition MPs continued to demand a discussion on the India-US trade interim framework.
"The BJP doesn't want to debate fundamental issues. You (the BJP) have given a $500 billion market to America. Their 'Make in India' lion has rusted away. This is not the time to debate Veer Savarkar, because if you do, many pages of history will be turned," Yadav said.