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