The India-US trade deal adds meaningful momentum to India’s growth ambitions and supports the country’s ambition to be a globally competitive manufacturing and innovation hub, industry leaders said on Tuesday.Reacting to the trade agreement between the two countries, Mahindra Group CEO and Managing Director Anish Shah welcomed the development, terming it as “a significant step forward in strengthening bilateral trade and investment ties.””With the Indian economy on a strong growth trajectory, this deal adds meaningful momentum to India’s growth ambitions,” he noted.Shah further said, “The immediate reduction in reciprocal tariffs on Indian exports to 18%, along with the commitment to progressively lower tariff and non-tariff barriers, will boost growth momentum and improve the predictability businesses need to invest with confidence.”Expressing similar views, Aditya Birla Group Chairman Kumar Mangalam Birla said the reduced tariffs will help strengthen the strategic and economic ties between the two great countries and provide additional opportunities for investment and collaboration.Stating that the Aditya Birla Group is the largest Indian investor in the US, he said, “We see this agreement help shape more resilient supply chains, unlock manufacturing opportunities and drive long-term economic competitiveness in both the US and India.”Birla said the group is committed to expanding… Read MoreYourStory RSS Feed
