India’s back-to-back trade victories with the EU and now the US spotlight its economic resilience and policymaking excellence, declares LIC Managing Director Dinesh Pant. This strategic coup arrives amid high expectations for India’s global economic role.
Pant minced no words: ‘The India-US trade deal is a brilliant stride that will amplify exports and solidify worldwide faith in our economy.’ By trimming tariffs to 18% from 50%, it targets gains for textile mills, shoe manufacturers, and labor-intensive industries.
Praising the latest budget, Pant said Sitharaman delivered a ‘consolidated vision’ rooted in decade-old strategies, with unwavering commitment to a developed India by 2047 and self-reliance. The sector got a head start with pre-budget GST removal on policies, freeing up savings for millions.
Insurance thrives when the economy does, Pant observed. LIC is harnessing GST reforms for accelerated growth, always anchoring decisions—like NSE IPO participation—to policyholder value and long-term gains.
The deal’s reveal through President Trump’s late-night post marks a diplomatic high note. As tariffs ease, India’s export engines rev up, affirming the nation’s blend of policy savvy and economic momentum for a brighter future.