India-US trade pact: ‘Deal removes hanging sword over rupee’

Generative image“India has done remarkably well to firmly stand its ground given the hostile geopolitical backdrop by getting the tariff rate down from 50% to 18%,” said Soumya Kanti Ghosh, member PMEAC, and group chief economic advisor, State Bank of India. “Importantly, India in the interregnum continued with ground reforms done and also completed the pending trade deal with the EU as well. This deal is the hallmark of a country that knows how to stand up, not get distracted by the noise and navigate even ...