India-US interim trade pact framework boosts investor confidence: India Inc

The framework for an interim trade agreement between India and the US sends a strong signal of confidence to global investors and offers a timely boost to competitiveness, technology access, and supply chain resilience, India Inc said on Saturday.

India and the US on Saturday announced they have reached a framework for an interim trade agreement under which both sides will reduce import duties on a number of goods to boost two-way trade.

FICCI President Anant Goenka said it marks a pivotal step forward in advancing economic synergy between two of the world's largest democracies.

"This strategic partnership is designed to lower tariffs, ease regulatory bottlenecks, and unlock new opportunities across sectors. As India strengthens its position as a global manufacturing hub, this agreement offers a timely boost to competitiveness, technology access, and supply chain resilience".

While the US will reduce tariffs on Indian goods to 18 per cent from the present 50 per cent, India will ..