Quote on India-U.S. trade deal from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
Below the Quote on India-U.S. trade deal from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
"The US-India trade deal is a big boost for India’s labour intensive export sectors like textiles and apparels, gems and jewellery, leather and footwear and marine processed foods. From the employment perspective, this is a big positive. It is important to understand that India has a $41 billion export surplus in trade with the US. This may come down as we import more energy, defense and aviation-related goods and high technology stuff from the US. The exclusion of cereals, dairy, and poultry safeguard the interests of India’s farmers interests."
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