Nageswaran's bullishness was echoed by Indian markets, with the rupee posting its biggest gain in more than three years and stocks jumping the most since 2021 on Tuesday
Brokerages and industry bodies say easing US reciprocal tariffs to 18% will materially boost competitiveness and exports of Indian auto component makers, while gains for vehicle OEMs remain limited
India-US trade deal drew reactions from industry leaders, who welcomed the tariff cut, saying it will boost exports, create jobs, attract investment and support manufacturing growth
Indian markets rallied sharply after the India-US trade deal cut tariffs to 18%, but analysts warn the sustainability of the uptrend depends on earnings recovery and fresh long build-up
While the trade deal's details are still unknown, it removes a key overhang for companies led by Asia's two richest people, both of whom had been in American cross-hairs for much of last year
Analysts believe that the gems and jewellery related sector is likely to benefit from the India-US trade deal.
Exporters expect improved competitiveness and higher shipments to the US after the proposed reduction in American tariffs on Indian goods to 18 per cent from 50 per cent
India's seafood exports to the United States are expected to recover, following months of declining shipments, after Washington agreed to cut tariffs to 18 per cent from 25 per cent, the Seafood Exporters Association of India (SEAI) said on Tuesday. Fish exports to the US fell 15 per cent by volume to 201,501 tonnes in the April-November period of the current fiscal year, while value declined 6.3 per cent to USD 1.72 billion from USD 1.84 billion a year earlier, SEAI General Secretary K N Raghavan said. "The field has become level again, exports should get the boost," Raghavan told PTI. "We expect that with tariffs coming down to 18 per cent, we should get back to the previous levels." The decline came after the US imposed 50 per cent tariffs on Indian goods in August 2025 - the highest for any Asian country - including a 25 per cent penalty linked to India's purchase of Russian oil. During the period of elevated tariffs, Indian exporters were fulfilling existing contracts, but ne
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 & 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 per cent, 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 .
Improved policy optics could encourage US enterprises to advance discretionary tech spending and GCC expansion, even though immediate revenue or margin acceleration for IT firms is unlikely.
Trump announced a trade deal with India that slashes US tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade barriers
Even as both PM Modi and Trump hailed the agreement, details on several key issues, including agriculture, India's purchase of Russian oil and the services sector, remain unclear
With the "hanging sword" of trade uncertainty finally removed, market participants are pivoting toward export-heavy sectors poised to benefit from India-US trade deal
US President Donald Trump said he would lower his 50 per cent tariff on Indian goods to 18 per cent after India agreed to stop buying Russian oil
The Indian Rice Exporters Federation (IREF) on Tuesday expressed optimism over a proposed reduction in United States import tariffs on Indian goods to 18 per cent, down from the earlier 25 per cent. The federation expects this move to restore price parity with competing nations and significantly boost shipment volumes. According to IREF National President Prem Garg, the revised tariff structure would place India on a par with competitors like Thailand and Pakistan, which currently face duties of approximately 19 per cent. "The move to lower tariffs from the earlier 25 per cent to 18 per cent is a significant victory for price parity. This effectively neutralised the duty disadvantage we faced against competitors like Thailand and Pakistan. " Indian rice can now compete on a level playing field in one of our most high-value markets," exporter RiceVilla Group's CEO Suraj Agarwal said. The industry is also hopeful that a potential penalty related to India's purchase of Russian oil be
The India-US trade deal, Antique believes, is significantly positive for Indian equities as FPI equity outflow of $34 billion since October 2024, the highest among emerging markets (EMs), may reverse
Indian companies have already booked cargoes loading in February and arriving in March, so a wind-down period would be needed to fulfil existing commitments
The Congress on Tuesday demanded that the Modi government should take Parliament into confidence and the text of both the EU and US trade deals must be laid on the table of both Houses and debated. Congress general secretary in-charge communications Jairam Ramesh said that from the information President Donald Trump has provided, it is abundantly clear that Prime Minister Narendra Modi has "completely surrendered". He said that almost exactly a year ago, Prime Minister Modi landed at the White House to greet President Trump on his re-election. "His trademark huglomacy was on full display. India-US relations never appeared brighter. Negotiations for a trade deal started immediately thereafter.But ever since President Trump made the first announcement of the halt to Operation Sindoor on the evening of May 10, 2025 things began to go downhill," Ramesh said on X. Subsequently, President Trump embraced Pakistan and Field Marshall Asim Munir enthusiastically, "exposing the hollowness of
According to Axis Securities, the reduction in reciprocal taxes is incrementally positive for Indian pharmaceutical companies, particularly those with significant exposure to the US market,
EEPC India on Monday welcomed the announcement of a trade deal with the US under which Washington will lower reciprocal tariff on Indian goods to 18 per cent from the current 25 per cent, and said it could significantly boost engineering shipments. "While the detailed contours of the agreement are yet to be made public, the Prime Minister's message clearly mentioned lower tariffs for Made in India products, which is very good news," Shah said, adding that the US remains India's largest trading partner. India and the US agreed on a trade deal under which Washington will bring down reciprocal tariff on Indian goods to 18 per cent from the current 25 per cent, US President Donald Trump said on Monday, after a phone conversation with Prime Minister Narendra Modi. The engineering sector, which contributes nearly one-fourth of India's total merchandise exports, is expected to be among the biggest beneficiaries of the trade deal. Shah said the anticipated tariff relief could result in ...