India looks ready to agree with the United States – but what does it cost?

This report is from CNBC’s “India” newsletter, which is in a timely, deep news and market description to large enterprises behind the advanced powerful news and meteoric rise. You can subscribe here.

Recent reports show that India has offered zero tariffs about import Steel, car components from the United States and pharmaceuticals in a certain amount of interaction.

This signifies a great change in the approach of South Asia Heavy import duties for goods To protect the local industry products from agricultural products, shoes, jewelry and information technology products.

Data of the World Trade Organization India’s Pegs Simple average tariff 17%significantly high US ‘3.3%Since 2023.

Last month in India exports, 26% of Trump’s tariffs – so far – it seems that they are pushed to re-thinking the protectionist.

India, in fact, between the approaching countries The US trade agreement last week, Trump said the negotiations are “greatly coming.” Deal with India“

“India’s future lowers trading barriers, and more free trade deals with other countries, especially the US portfolio manager in Malcolm Dorson, Global X ETF.

The United States is India’s largest trading partner Bilateral trade is hitting $ 129 billion In 2024. India had a $ 45.7 billion surplus.

“India’s economic growth is 6% to 8-9% to 8-9%, and it should be the global market of goods, and TS Lombardın said that the Lombard of TS Lombard was reduced and reduced.

Trade deals, especially those with zero tariffs on certain goods, leave India’s ambitions to praise the internal production?

Deveshwar said that India would be careful not to do anything to harm domestic enterprises, “Deveshwar told CNBC in CNBC within India.

“Yes, India wants a contract in the United States, because it is our largest market in importance and exports. However, zero tariffs are very ambitious and I do not see that it has taken such a big step.”

Other experts will not be harmful to all this industry, even if the transaction cancel tariffs in certain sectors.

PeeShush Mittal, portfolio manager in Matthews does not see an important impact on Asia, India’s steel, pharmaceutical and car parts sectors.

Steel exports from the United States to India, taking into account high transport costs, said Mittal said. “It is very difficult to believe, even with zero tariffs, US steel manufacturers would sell in India.”

In the pharmaceutical fronts, Mittal, the United States only produces a large number of patented medications for hundreds of thousands of dollars of Ultra wealthy. He will have the vast majority of such products, he said that this lack of tariffs in pharmacy, “he said,” he will not change the industry in India, “he said.

If the US aims to develop a health sector, the country reduces the import of Indian medications or worsenses the import of general drug companies in the United States to create production facilities in the United States or worst

Such actions “will reach economic contributions until India’s growth of the pharmaceutical sector” and “Azerbaijan will grow.”

It also uses more than US more car parts or import of cars, India does not expect material effect on the auto sector.

Ford and General Engines Earlier, there were production operations in India. However, the appeal of his cars said “little among the buyers.”

“The boy under the pyramid is inexpensive in cheap Indian vehicles and the guy in the middle of the guy in the middle.”

For these companies, it would be difficult to prepare roads now since local producers Tata Motors as well as Japanese and South Korean brands Suzuki, TOYOTA Hyundai has deep roots in the massive and premium consumer markets, Ultra high-network valuable class, Mercedes and Ultra-high network valuable class generations such as BMW.

Drowning in private banks such as in space, Dorson HDFC and Commigic Recently, a strong first quarter reported. Medium-level banks also love Axis Bank and Federal bank as well as financing of companies including Shiram Finance Password to make a good way from the “total increase in the sector”.

Dorson also expects a deal to be expected to focus on steel and pharmaceutical companies, if it happens as a greater US market.

JSW steel and Indian steel power in steel space and Kaaba and Dr. Reddy Laboratories Pharmaceuticals will be the most sensitive to trade headers – there is a profit if none of them is a deal and loss.

Meanwhile, Mittal, a trading dealer will have a higher demand for profit companies, port operators, railways and road transport services – services. Voters: India’s Container Corporation and Ashok Leyland.

Regardless of the outcome of trade talks, Dorson drowns on advice giants Tata consulting services and Infosys Given that they pay attention to the services, “does not produce or send anything to the United States”

Mittal said that another sector is a consumer staple, regardless of a bargain. He calls him “will be” to take advantage of higher consumption in low inflation and interest rate environment.

Mittal is also betting on electronics as global companies outside the United States. “The ecosystem is greater in India and thinks that we are intending to provide themselves,” Mittal called Avalon technologies as a stock-liked stock in the sector.

India, Cammu and Kashmir, drummed against Pakistan after militant attacks. Country The Defense Ministry said said the armed forces were He held a military operation against Pakistan What is the occupied Jammu and Kashmir, who targeted the terrorist infrastructure, called what the occupied Jammu and Kashmir. According to the ministry, the targeted blows, last month, 26 people were killed in Pahalgam, Cammü and Kashmir, followed the militant attack.

India and the United Kingdom have signed a bilateral trade agreement on Tuesday. Under the Deal, India will Gradually discounts about import from EnglandThe vast majority of the great merchants are “full-time for ten years” according to the UK government. India’s tariffs on car imports from England will be sharply from 100% to 10%. The Indian government said that 99.1% of imports will produce all tariffs until 99.1% of the UK’s contract entry into force.

The service activity in India grew in April. This Hsbc India Services Procurement Managers Index In April, 58.7 in March 58.5, but the short term of the initial assessment fell to 59.1. A figure over 50 means expanding in the event. But Confidence of working among service providers Fell to the lowest part of about two years.

This week, Gary Shilling, Gary Shilling, Sunday Analyst, CNBC’s “Subline”, explained why India drowned. The country’s population will now be the largest after China’s exception Growth engine for the economyaccording to shilling. “You can only put so much cars on your drive, but almost relaxing in services, travel, medical services, etc.” Added shilling.

Meanwhile, the World Gold Council Regional CEO Sachin Jain said India The golden market saw a strong moment In the growing interest in digital gold and ETFs. The “physical nature of the gold, which is so important in India, is less important for investors, especially those in the younger generation, which are less important for those who cause this digital golden demand.