SBI estimates 1.1% GDP boost from US trade deal
pre-market1 source ↓written by the desknot a recommendation
- to India's GDP
- 1.1%
- trade could exceed
- $100 billion
- annually
- $90 billion
- due to reduced
- $3 billion
The net impact of the trade deal with the US is projected to add 1.1% to India's GDP, according to SBI's research. The potential for trade could exceed $100 billion, with a trade surplus expected to rise to $90 billion annually. Additionally, savings in foreign exchange reserves could reach $3 billion due to reduced import duties.
Not investment advice. For informational purposes only.