India Inc hails US trade deal, says policy clarity creates stable environment for sustained growth

“India has now secured several strategic trade deals with key economic partners around the world. In a challenging global environment, predictability and openness in trade help Indian industry scale, innovate and create jobs. We look forward to a stronger India–US partnership that accelerates growth, expands market access, and supports India’s ambition to be a globally competitive manufacturing and innovation hub,” he added.

George Alexander Muthoot, managing director of Muthoot Finance, said, “For the financial services sector, such policy clarity supports prudent capital deployment and creates a stable environment for sustained growth. We welcome these developments as they create a strong foundation for long-term economic momentum.”

Anil Talreja, partner at Deloitte India, said: “Two deals in two weeks with nations with $50 trillion economy. The common factor here is ‘India’. As we reflected on the current economic order, India has seized every opportunity to make its place in the Global trade.”

“Opening its consumer markets for the European and US companies will turbocharge India’s growth story. Along with the announcements on the manufacturing sector in the Budget, these have the potential to increase productivity, per capita income, and raise the standard of living.”

‘No procedural document to implement new tariffs yet’

Another partner at Deloitte India Gulzar Didwania said: “While the reciprocal tariff rate has been proposed to be lowered, certain US tariffs — particularly those imposed under Section 232 (national security) on products, such as steel, aluminium, copper, automobiles and auto components and other goods — are expected to remain in effect. As a result, an estimated portion of India’s exports to the US will continue to face higher tariffs despite the trade deal.” He also pointed out that so far, no formal legal or procedural documentation outlining the exact scope, timelines, or enforcement mechanisms for the agreement has been published.

Prabhat Kumar, chairman (IRS) of Pan IIT Alumni India, said the India-US tariff agreement is a strategic leap for technology and talent. “This development is particularly significant for the high-technology sector. By improving market access and enhancing competitiveness for Indian engineering goods, it strengthens the Make in India initiative.” “The reduction of the Tax Collected at Source (TCS) on foreign education remittances in the budget eases the financial path for Indian talent seeking global expertise. Together, these measures — facilitating trade, attracting technology, and nurturing human capital—create a virtuous cycle that will immensely benefit the IIT community and the nation,” he added.