India-US Trade Deal Limbo: Ajay Bagga Warns of Job Losses in Key Sectors

• Market expert Ajay Bagga warns India-US trade deal unlikely soon, posing risks to India's export-linked jobs and services.
• Bagga states the US shows no urgency for a deal, making India an 'example' and foresees no immediate agreement.
• Union Commerce Minister Piyush Goyal dismissed speculation about delays, urging trust in India's negotiating stance.
• Absence of a trade deal could lead to job losses in textiles, gems and jewellery, and leather sectors, impacting services exports.
• Bagga suggests the 25% punitive tariff on India might only be rolled back under specific geopolitical conditions, like a Russia-Ukraine peace deal.

Why It Matters: India faces significant job loss risks in export sectors due to stalled US trade deal, tied to geopolitical factors.