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Hello, this is Ganesh Rao, CNBC’s senior correspondent, writing from London. This week, I look into India’s willingness and limitations to strike trade deals after I sat down with the country’s Commerce Secretary Piyush Goyal. Enjoy!
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.
Just a week after India secured a landmark free trade agreement with the United Kingdom, U.S. President Donald Trump on Wednesday said he was slapping 25% tariffs on the South Asian country beginning August 1.
Caught between protecting favorable terms in its deal with the U.K. and bargaining for more concessions with the U.S., the Indian government has so far responded cautiously, stating it was “studying its implications.
