Indo-US trade deal is not just about trade, it matters for growth

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The deal shifts the US posture towards India from hostile to neutral, and that matters for growth

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The Indo-US trade deal may look uneven, but it shifts Washington’s stance from hostile to neutral—crucial for capital flows, investment confidence and India’s economic stability. | Illustration: Binay Sinha

T T Ram Mohan

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The India-United States (US) trade deal, for which a framework for an interim agreement has been agreed, will not lack critics. The Congress party has called it a surrender. A farmers’ organisation has called for protests. Many will pore over the fine print once the details are finalised and argue that the deal is more favourable to the US. 

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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