A breakthrough India-US trade arrangement has industry voices united in optimism, forecasting heightened product competitiveness, manufacturing momentum, job surges, and supply chain fortification. The US’s swift tariff reduction to 18% from 25%—including lifting Russia oil penalties—marks a tariff thaw long awaited by exporters.
CII President Rajiv Memani lauded it as a cornerstone for economic alliance, affirming mutual drive to amplify trade-tech-investment synergies. Businesses, he predicted, will operationalize it for lasting booms.
PHDCCI’s Rajiv Juneja framed it as proof of US open-market resolve: costs dip, chains toughen, inflation cools—wins for industry and public. Manufacturing, tech, health, and renewables are frontrunners for gains, underpinned by Modi-Trump rapport ensuring trade steadiness.
AEPC Chairman Dr. A. Sakthivel spotlighted textiles’ turnaround from 50% US barriers. Top export turf now beckons with demand spikes, investments, and India’s vault to trusted supplier ranks.
Textiles, a jobs behemoth, will lock in positions and forge new paths, favoring women and manual workers. This pact transcends duties; it’s an economic accelerator, blending strategic diplomacy with market muscle to elevate India’s global footprint amid shifting trade winds.