The U.S.-India trade deal, which has faced delays since February, is now closer to completion, particularly after President Trump's electoral challenges in the midterms. Analysts believe that Trump may prioritize this deal to showcase a policy success to the American public, especially as he faces criticism over tariffs that have raised costs for U.S. households.
Mark Linscott, a former U.S. trade representative, noted that there appears to be a 'gentlemen's agreement' between Trump and Indian Prime Minister Modi to finalize the deal during their upcoming meeting at the G20 summit in December. The negotiations have reportedly reached a conclusion, with India's Commerce Minister Piyush Goyal confirming that discussions are largely finished.
This trade agreement could serve as a counter to the criticism of Trump's tariff policies, which have been a liability for him politically. Furthermore, the Indian stock market is becoming an attractive option for global investors seeking stability amid volatility in the AI sector, potentially leading to significant foreign inflows.
Additionally, Adani Ports is making strategic moves in Europe by acquiring Dutch firm Evos, indicating India's growing influence in global markets