US, Trump and India
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Indian shares fell on Monday as financials and IT declined due to weak results from Kotak Mahindra Bank and Tata Consultancy Services' layoff plans, respectively, and as uncertainty over trade talks with the U.
As the window to seal a trade deal with the U.S. closes, analysts say Washington has its reasons to finalize an agreement with India sooner rather than later.
Federal minister Piyush Goyal seems optimistic about India finalising a trade deal with US before the 1 August deadline.
India's equity benchmarks opened lower on Monday, with uncertainty over trade talks with the U.S. and weaker-than-expected results from Kotak Mahindra Bank weighing on sentiment.
India stays silent as US tariff deadline nears, favoring quiet diplomacy over public pressure in high-stakes trade talks.
India is reducing duties for certain British agricultural products under a trade agreement, benefiting goods with negligible production in India. Sensitive items like dairy and cereals are excluded to protect local producers.
The prime ministers of Britain and India have sealed a major trade agreement that will reduce tariffs on products like Scotch whisky and Indian spices.
India's advancing diplomacy, including a trade deal with Britain, point to the United States being left behind
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