Arvind Panagariya’s big statement on Indo-US trade deal, India will become hot destination for investors
Indo-America The proposed trade agreement will be a major achievement between and it will make India a hot destination for investors. This hope was expressed by 16th Finance Commission Chairman Arvind Panagariya. During a dialogue held at the Indian Consulate General of New York this week, Panagariya said that many current activities are very exciting. He said that due to this agreement, there will be widespread liberalization in the country. Eminent economist said that in particular, I want to mention the US-India Trade Agreement, on which the talks are going on. Also, there is an agreement of the India-European Union. He said that the Indo-US trade agreement will be a major achievement. He said that once the Indo-US trade agreement is reached, then there will be an agreement with the European Union. Panagariya said that with these two trade agreements, India will have an open market with the European Union and the US. These are the two biggest markets. For any future investor, it makes India a very attractive place. This will be a big change step.
A great opportunity for india
In response to an India-US trade agreement and question on charges, Panagariya said, as far as India is concerned, I think it may potentially get out of a lot of good, as India will also reduce its fees when the agreement with the US is signed. He said that this is a great opportunity for India, and is very seriously talking about the agreement with the US. So I hope to hear good news. He said that the most important thing is that it will give a lot of liberalization in India, and I think this is a big part of this story.
Trade deal may be done soon
However, getting better access to the US market than its other competitors is also a major advantage. Panigarhia, eminent professor of Columbia University and former Vice President of NITI Aayog, also said that from US President Donald Trump to Commerce Minister Howard Lutynik and Finance Minister Scott Besant, all have hoped that the Indo-US trade agreement is almost certain.
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