{"id":889700,"date":"2026-02-02T23:12:11","date_gmt":"2026-02-03T05:12:11","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/02\/02\/india-us-trade-deal-strengthening-bilateral-ties-what-business-and-industry-leaders-said\/"},"modified":"2026-02-02T23:12:11","modified_gmt":"2026-02-03T05:12:11","slug":"india-us-trade-deal-strengthening-bilateral-ties-what-business-and-industry-leaders-said","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/02\/02\/india-us-trade-deal-strengthening-bilateral-ties-what-business-and-industry-leaders-said\/","title":{"rendered":"India-US trade deal strengthening bilateral ties: What business and industry leaders said"},"content":{"rendered":"
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Industry and market voices struck an optimistic note, viewing the announcement as a significant step in India-US economic engagement, while underscoring that the final impact will depend on how the deal\u2019s details unfold in the months ahead.<\/h2>\n
\"Industry<\/figure>\n
Industry leaders, including Kumar Mangalam Birla, Chairman of Aditya Birla Group (in pic), hailed the agreement as a positive first step to strengthen investment ties (File Photo by Punit PARANJPE \/ AFP)(AFP)<\/strong><\/figcaption><\/figure>\n
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The announcement of a landmark India\u2013US trade deal, including a reduction in reciprocal tariffs, has drawn reactions from business leaders, market experts, and industry bodies. Welcoming the move, stakeholders said the agreement could strengthen bilateral economic ties, and unlock long-term opportunities across sectors, even as they cautioned that the finer details will be crucial.<\/p>\n

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Deal removes \u2018hanging sword\u2019 over rupee, equities: Nilesh Shah<\/h2>\n

Nilesh Shah, MD of Kotak Mahindra AMC<\/a>, said the deal removes a major source of uncertainty hanging over Indian markets.<\/p>\n<\/div>\n

\u201cIndia-US trade deal has gone through ups and downs like a roller coaster. While the devil is in the details, it removes a hanging sword over rupee, equity and rates market. Let us hope that it is a win-win deal for both the countries as they have a lot to gain through cooperation,\u201d he said.<\/p>\n

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Boost for economy, rupee and capital flows<\/h2>\n

Deepak Agrawal, CIO-Debt at Kotak Mutual Fund, said the tariff reduction could improve India\u2019s macroeconomic outlook.<\/p>\n<\/div>\n

\u201cThe reduction in tariff on Indian exports to the US is indeed a welcome move, expected to boost India\u2019s economy. This development is likely to improve the country\u2019s balance of payments gap, strengthen the rupee, increase foreign exchange reserves and attract foreign institutional investors,\u201d he said, adding that stable rates and improved equity valuations could follow.<\/p>\n

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Reduced tariffs to boost India-US investment ties: Kumar Mangalam Birla<\/h2>\n

Aditya Birla Group Chairman Kumar Mangalam Birla<\/a> said the deal would strengthen economic and strategic cooperation between the two countries.<\/p>\n<\/div>\n

\u201cThe reduced tariffs will help strengthen the strategic and economic ties between our two great countries and provide additional opportunity for investment and collaboration,\u201d Birla said, noting that the agreement could help build resilient supply chains, unlock manufacturing opportunities, and drive long-term competitiveness in both economies.<\/p>\n

Businessman Dr Sanjiv Goenka also welcomed the development, crediting India\u2019s leadership.<\/p>\n

\u201cAnchored by Hon\u2019ble PM Narendra Modi\u2019s resolute leadership, persistence and an India-first approach continue to advance India\u2019s economic interests on the global stage,\u201d he said in a post.<\/p>\n

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USISPF sees \u2018positive first step\u2019<\/h2>\n

The US-India Strategic Partnership Forum (USISPF) described the tariff reduction as \u201can important and positive first step\u201d towards a broader bilateral trade agreement.<\/p>\n<\/div>\n

\u201cWhile the agreement\u2019s specifics are pending, today\u2019s announcement signals strong political will on both sides to move toward a comprehensive US\u2013India Bilateral Trade Agreement,\u201d USISPF said.<\/p>\n

It added that such a pact would deliver meaningful benefits for businesses, workers, and consumers, while strengthening supply chains and economic resilience, and reiterated its support for expanding bilateral trade toward the USD 500 billion target.<\/p>\n

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Exporters flag red lines<\/h2>\n

Engineering Export Promotion Council President Pankaj Chadha said industrial tariffs were already on the table, while stressing India\u2019s sensitivities.<\/p>\n<\/div>\n

\u201cAs far as tariffs on industrial goods are concerned, we have already offered zero tariff a few months ago. Our red line still remains agriculture and dairy,\u201d Chadha said, adding that geopolitical shifts may have helped push the deal forward.<\/p>\n

Under the agreement, India will also work to reduce tariffs and non-tariff barriers on US goods to zero and purchase over $500 billion of US energy, technology, agriculture, coal, and other products. Trump noted the deal would strengthen the \u201camazing relationship\u201d between the two countries.<\/p>\n<\/div>\n<\/div>\n

Read More<\/a>
\n Maribel Menjivar<\/p>\n","protected":false},"excerpt":{"rendered":"

Industry and market voices struck an optimistic note, viewing the announcement as a significant step in India-US economic engagement, while underscoring that the final impact will depend on how the deal\u2019s details unfold in the months ahead. Industry leaders, including Kumar Mangalam Birla, Chairman of Aditya Birla Group (in pic), hailed the agreement as a<\/p>\n","protected":false},"author":1,"featured_media":889701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62694,425],"tags":[],"class_list":{"0":"post-889700","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-india-us","8":"category-trade"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/889700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=889700"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/889700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/889701"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=889700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=889700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=889700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}