US trade deal...

Kumar Mangalam Birla, Chairman of Aditya Birla Group, said the reduced tariffs would help deepen bilateral economic engagement and support long-term growth for both nations.

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In a social media post, Birla applauded Prime Minister Narendra Modi and US President Donald Trump for the trade announcement. He said, “The reduced tariffs will help strengthen the strategic and economic ties between our two great countries and provide additional opportunity for investment and collaboration”.

Goldman Sachs has flagged a positive macroeconomic outlook for India following the conclusion of the US-India trade deal that lowers American reciprocal tariffs on Indian goods to 18%. In its report titled “India: US-India conclude trade deal: President Trump lowers ‘reciprocal’ tariffs on India to 18%”, Goldman Sachs noted that President Trump announced on social media a reduction in the reciprocal tariffs on Indian goods imports to 18%, down from the earlier 25%, ‘effective immediately’.

Goldman Sachs also said, “Overall, we raise our CY26 real GDP growth forecast by 20bp to 6.9% yoy.”