RBI chief: a failed India–US trade deal would do ‘some’ damage (opens the source in a new tab)
- Sanjay Malhotra says the impact depends on how far tariffs go, so it is ‘premature’ to put a number on it.
- Deals with the UK and New Zealand are signed; around 10 more are under discussion, including Peru, Chile, Israel, Canada and the Eurasian Economic Union.
- USTR Jamieson Greer said on 1 Oct a deal was not imminent; on 5 Oct Nirmala Sitharaman said talks had ‘reached a plateau’.
- ~10
- trade deals in talks
- Plateau
- FM on US talks
- 2
- deals signed: UK, NZ
Why it matters Spreading trade bets beyond the US is India’s hedge.
Other side Can a string of smaller deals really make up for the US market?