RBI Governor: No India-US Trade Deal Would Have Negative Economic Impact

RBI Governor Sanjay Malhotra stated that the economic impact of a failed India-US trade deal depends on the level of tariffs applied. He called it premature to give a definitive answer but acknowledged a negative effect would likely occur. Malhotra noted India has recently secured several other trade agreements. His comments came in response to a question about the potential consequences of the deal not being finalized.