India US Trade Deal: US President Donald Trump recently made a statement about the trade deal with India. He had said that a business agreement with India is going to be done soon. Union Finance Minister Nirmala Sitharaman has reacted to this matter. He has cleared the government’s stand on the trade deal with America. The Finance Minister has said that India will definitely want to make a good agreement with America, but there will be some conditions regarding this.
Finance Minister Sitharaman has said that India has fixed limits for agriculture and dairy sectors. It is necessary to consider this. Siterman questioned Donald Trump’s statement. He replied on the trade deal with America and said, “Yes, why not, we would like to compromise well.”
Has has agreed on the trade deal between India and America
US President Trump recently said that the situation regarding the trade deal between India and America will be completely clear by 8 July. According to Trump, all the obstacles coming in the trade deal between India and America may soon be overcome. The agreement may include IT, manufacturing and services as well as automobile sectors. The entire situation is not clear yet about the trade deal between India and America. You can get an update soon.
Why trade deal is necessary for India
Finance Minister Nirmala Sitharaman also explained why a trade deal with America is necessary for India. In an interview to Financial Express, Sitharaman said, “We will be better for us, the sooner we will make compromises with strong economies according to the turn we are at and the way we are in, the more we make such compromises.”