The pending India-US trade agreement is nearing finalisation, with the proposal reportedly on President Donald Trump’s desk for action. In an exclusive discussion, Bharti Enterprises Chairperson, Sunil Bharti Mittal, explains the shift in Prime Minister Narendra Modi’s approach from multilateral to bilateral trade agreements. The deal has the potential to create a trillion-dollar trade corridor, reshape global supply chains, and increase India’s GDP by 1%. According to Dr. Mukesh Aghi of the India-US Strategic Partnership Forum, “a trade agreement between two countries will impact in a positive way almost 1% of GDP of India”. Mittal addresses concerns about the impact on ‘Make in India’, stating that domestic manufacturing in the MSME space stands to gain due to lower production costs. India has reportedly drawn red lines on agriculture and dairy.
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