Finance Minister Nirmala Sitharaman has said that India is looking for a good trade agreement with the US to promote economic growth and ensure smooth supply chains. She also said that amid a growing global tariff war, India will have to move smartly to guard against possible dumping of goods from countries that are facing higher US tariffs. At the same time, India will protect the interests of domestic industries that rely on affordable imports, Ms. Sitharaman said. She was speaking at an award function in Mumbai yesterday.
India and the US are negotiating a bilateral trade agreement, with an aim to double trade to 500 billion dollars by 2030. After a week-long visit, Commerce Minister Piyush Goyal returned from Washington yesterday after holding trade talks with his US counterparts. Finance Minister also said that GST rates will come down further and the work on rationalising tax rates and slabs has almost reached a finale.
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