Latest news with #EleonoraMavroeidi
Time of India
05-07-2025
- Business
- Time of India
Trade deal may double India goods exports to US, report says
A potential trade agreement between India and the US could significantly boost India's exports and manufacturing, potentially doubling goods exports to the US within a decade and increasing GDP by 0.6%. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads A comprehensive trade deal between New Delhi and Washington could significantly boost the South Asian nation's exports and manufacturing sector, paving the way for sustained growth, according to Bloomberg Economics A broad agreement could nearly double India's exports of goods to the US — its largest market overseas accounting for 19.3% of total exports — within a decade, and increase gross domestic product by 0.6%, economists Abhishek Gupta and Eleonora Mavroeidi wrote in a report Friday. Including services, overall exports to the US should rise 64%, the report of the export gains would come from textiles and light manufacturing goods, such as furniture, toys and other consumer goods, the economists said, adding the trade deal would 'mark an inflection point' for the domestic manufacturing and US officials are racing to clinch a deal before a July 9 deadline for the higher the Trump administration imposing hefty tariffs on China and Vietnam, a trade deal that levies 10% tariffs on India would make the South Asian nation a draw for businesses seeking to relocate or diversify supply chain, the economists no trade deal is reached and India is subjected to higher reciprocal tariffs of 26%, the nation could lose more than a third of its direct exports to the US and its GDP could take a 0.7% hit, the economists was among the first nations to initiate trade talks with the US this year, with Prime Minister Narendra Modi making sweeping concessions to appease the White House. However, in recent weeks, both sides have hardened their stance on sectors such as agriculture.
Bloomberg
04-07-2025
- Business
- Bloomberg
Trade Deal May Double India Goods Exports to US, Report Says
A comprehensive trade deal between New Delhi and Washington could significantly boost the South Asian nation's exports and manufacturing sector, paving the way for sustained growth, according to Bloomberg Economics. A broad agreement could nearly double India's exports of goods to the US — its largest market overseas accounting for 19.3% of total exports — within a decade, and increase gross domestic product by 0.6%, economists Abhishek Gupta and Eleonora Mavroeidi wrote in a report Friday. Including services, overall exports to the US should rise 64%, the report said.
