‘For global trade’s sake, hope our US deal is inked soon’: FM Nirmala Sitharaman
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Finance Minister Nirmala Sitharaman said Friday she hopes the India-US trade agreement gets concluded at the earliest.
- ✓Speaking in Bangkok, she noted that China uses non-tariff barriers, which creates hurdles for Indian exporters.
- ✓She also wants to promote rupee-denominated trade to help nations that got stuck with currency shortages.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 7 Minute(s)
- Market Focus
- India Economy
Synopsis
Nirmala Sitharaman expressed optimism regarding the speedy conclusion of the India-US trade agreement during her recent interaction. She highlighted challenges in trade relations with China due to non-tariff barriers causing problems for Indian exporters. The Finance Minister advocated for promoting rupee-denominated trade settlements to assist nations experiencing hard currency shortages. Sitharaman emphasized the importance of public investment in infrastructure to bolster economic growth despite global disruptions.
New Delhi: Finance minister Nirmala Sitharaman Friday expressed hope that the India-US trade agreement would be concluded at the earliest in the interest of global trade and bilateral economic ties between the two countries.
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The Economic Times
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