FICCI Leaders Hail India-US Trade Deal: Tariff Cut Boosts Confidence, Opens Export Avenues

• FICCI leaders welcome the India-US trade deal, which slashes US tariffs on Indian goods from 50% to 18%, calling it a major confidence booster.
• Anant Goenka, FICCI President, states the deal removes uncertainty, allowing businesses to plan better, and benefits employment-linked sectors like textiles.
• Vijay Sankar, FICCI Senior VP, highlights the US as India's largest trading partner and consumer market, seeing 'sky is the limit' opportunities.
• Puneet Dalmia, FICCI VP, calls it a 'defining moment' for India, reflecting its growing global trade role and market diversification.
• Subhrakant Panda, Former FICCI President, notes the strategic advantage of reduced tariffs, giving India an edge over competitors and strengthening its position in global trade.

Why It Matters: The India-US trade deal, with significant tariff cuts, is seen by FICCI as a major boost for exports and economic confidence.