India-US Trade Deal: New Trade Terms Open Big Doors for India’s Pharma Industry, Says Ranjeet Mehta (CEO & Secretary General, PHDCCI)
The recent trade deal between India and the United States has taken effect, marking a shift from protectionism to partnership between the world’s two largest democracies, says Ranjeet Mehta, CEO and Secretary General of PHDCCI. According to him, the development is expected to improve trade stability after months of uncertainty and high tariffs that disrupted exports. The agreement could provide greater market access, especially for India’s generic pharmaceutical companies, as the US remains a large and important market. The deal is also seen as helping Indian firms integrate into global value chains, diversify markets, and support India’s long-term goal of significantly increasing exports in the coming years.
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