India, Trump and trade deal
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India, USA and T20 World Cup
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2don MSN
India's central bank keeps policy rates steady at 5.25% as US., EU trade deals ease growth concerns
Economists polled by Reuters had forecast the policy rate to remain unchanged at 5.25%.
People around the world are calling this the mother of all deals,” Indian Prime Minister Narendra Modi said of the agreement, which represents a quarter of the world’s economy.
The U.S. and India have finalized a trade deal on Monday after months of negotiations, steadying a relationship that had plummeted to its lowest point in decades.
The United States and India finalized a trade agreement Monday, helping stabilize a relationship that had been in decline during Trump’s second term.
Officials and business leaders welcomed lower tariffs, but India has not yet confirmed that it would stop buying Russian oil, which President Trump said Prime Minister Narendra Modi had agreed to.
The India-U.S. trade deal is a significant breakthrough, but is laced with terms that can cause friction between the two nations.
Goyal said that the US markets would provide farmers with “much bigger value”, adding that their incomes would see an increase.| India News