Resilient Domestic Economy Gives India Space to Negotiate US Trade Deal, Sources Say
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India’s strong domestic economy and a smaller-than-expected hit to exports are giving New Delhi more room to negotiate a trade deal with Washington, which has imposed tariffs as high as 50% on imports from the country, Indian sources and analysts said.
Indian exports to the U.S. dropped 8.6% year-on-year to $6.3 billion in October, the second month that the 50% tariff on imports from the country was in place. The decline was lesser than the 12% drop in September...
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