Historic Leap: India-US Trade Agreement Ignites Economic Confidence
Haryana Chief Minister Nayab Singh Saini praised the landmark India-US trade agreement, calling it a 'historic leap' in economic relations. The deal, confirmed by US President Trump and Prime Minister Modi, reduces tariffs on Indian goods and enhances market access, benefiting both nations economically and spurring global confidence in India's economy.
- Country:
- India
On Tuesday, Haryana Chief Minister Nayab Singh Saini commended the newly formed India-US trade agreement, describing it as a 'historic leap' in strengthening bilateral ties. His comments followed the announcement by US President Donald Trump, who confirmed the agreement after speaking with Prime Minister Narendra Modi.
The trade deal significantly reduces the reciprocal tariff on Indian goods from a total of 50 percent down to 18 percent. Chief Minister Saini took to social media to express his congratulations to both Modi and Trump, highlighting the partnership's contribution to 'inclusive growth and sustained prosperity'.
Saini emphasized that the agreement will further boost the 'Make In India' initiative and benefit US enterprises. He noted the potential for enhanced market access, strengthened trade, and job creation. Saini concluded by expressing optimism about the continued innovation and investment opportunities that stronger India-US ties will foster across diverse sectors.
(With inputs from agencies.)
ALSO READ
Our foreign policy focused on expanding market access for producers, securing resources, tech, and essential goods: EAM Jaishankar.
Escalation at the Hormuz: War Clouds Loom Over Global Economy
Tariff-Free Trade Triumph: UK Pharma Secures US Market Access
Historic Disruption: Middle East Oil Crisis Threatens Global Economy
Lao Businesses Turn Responsible Business Principles into Practice as Global Standards Shape Market Access
Google News