Us India Trade Agreement: The successful bilateral trade agreement between the US-India (US and India) can make the existing adverse conditions favorable. This can open access to new markets and can boost exports. This has been said in a report released by the Finance Ministry on Tuesday. India and the US can conclude the interim trade agreement before July 8. In this, India is emphasizing on giving full discount on domestic goods from 26 percent of retaliatory duty.
America imposed 26 percent retaliation: On April 2, the US imposed an additional 26 percent retaliation on Indian goods, but was suspended for 90 days till 90 days. However, 10 percent of the original fee has been kept in force. The report said that in the midst of global uncertainty, India has the ability to remain one of the attractive destinations for investment.ALSO READ: SHESEX 455 and NIFTY 148 points gained 148 points due to becoming India’s fourth largest economy and American tariffs
The Monthly Economic Review of the Finance Ministry states that foreign investors can give positive response to the policies that strengthen the country’s medium -term development prospects. The report states that policies that enhance the skills and productivity of the country’s youth workforce can significantly strengthen the cycle of investment and growth. According to this, India remains the fastest growing major economy. While various global agencies have made significant cuts in the growth rate of other countries, it is the lowest in India’s case.Also Read: Trump scared again, 50 percent tariff will be hit on EU, 25 percent fee will also be charged on all smart phones abroad
India’s actual GDP growth estimates to be 6.2 percent: According to the International Monetary Fund’s World Economic Scenario (April 2025), India’s actual GDP growth for 2025-26 is estimated to be 6.2 percent, which is 0.30 percent less than its previous forecast in January 2025. These amendments have been made in view of global uncertainties and business stress.
Many agencies estimate India’s growth to be 6.3 percent to 6.7 percent in FY 2025-26 It is installed from strong domestic foundation, stable major economic management and increasing government capital expenditure. At the same time, declining inflation further strengthens this scenario. According to the report, strong domestic foundation for the Indian economy, wide economic management and ability to withstand external shocks remain its specialty. Strong private consumption, especially in rural areas improve the primary engine of improvement and strong service export development.Also Read: Another claim of Trump, India offered to put zero tariffs
Service sector is constantly expanding healthy: It said that there is a continuous health expansion in the service sector. Due to this, some softening of goods exports is being made. The Indian rupee remains relatively stable and foreign exchange reserves are providing protection against external shocks.
The report said that the approach to inflation remains optimistic. Food inflation pressure is expected to be reduced due to good rabi crop in the coming time, increase in acreage under summer crops and better buffer stock of food grains. The meteorological department estimates more rainfall and the decline in crude oil prices strengthens the decrease in inflation. (Language)
Edited by: Ravindra Gupta
