“It’s very bullish for India’s economy, India’s stock market, especially since India already got a tremendous deal in its trade with the European Union. So it’s been home runs all the way, ” Ed Yardeni, President at Yardeni Research, a Wall Street veteran, said on Tuesday.
While negotiating with the US, India has fouor struck pacts with the European Union, the United Kingdom (UK), Oman, and the EFTA (a four-nation bloc that includes Iceland, Liechtenstein, Norway, and Switzerland).
“Areas like agriculture, machinery, manufacturing, taking artificial intelligence and building corridors in India, all of those areas are favourites under the Union Budget. I think those are going to continue to benefit as a result of this trade deal, too, and as a result of India’s tariff now being competitive, along with Vietnam, Indonesia, the Philippines, it’s going to help make India a key hub of reassuring and moving supply chains away from China,” Matt Orton, Chief Market Strategist at Raymond James, said
Also Read | India-US trade deal: Leaders welcome the move, here’s who said what
| Emerging Market | US Tariffs |
| South Africa | 30% |
| Thailand | 19% |
| Philippines | 19% |
| Malaysia | 19% |
| Mexico | 25% |
| China | 47.5% |
| South Korea | 25% |
| Brazil | 50% |
| Indonesia | 19% |
| India | 18% |
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