SBI estimates trade deal impact on India's GDP at 1.1%
after close1 source ↓written by the desknot a recommendation
- projected
- 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 on India's GDP is projected to be 1.1%, according to SBI's research. The potential trade could exceed $100 billion, with a trade surplus possibly reaching $90 billion annually. Additionally, savings in foreign exchange reserves may amount to $3 billion due to reduced import duties.
Not investment advice. For informational purposes only.