India-US Trade Deal: Six rounds of talks have taken place between India and America regarding the trade agreement and now hopes are rising for it to reach its destination. Leading Japanese broking firm Nomura has meanwhile said that there is still uncertainty regarding the outcome of the US-India trade deal. Positive signals are being received from both the countries, yet the deal is yet to be signed.
Nomura hopes this
However, the brokerage also believes that the deal will be signed soon and the tariff will also probably come down to around 20 percent. In August, US President Donald Trump doubled the tariff on India to 50 percent. Out of this, 25 percent tariff has been imposed as a penalty for purchasing oil from Russia.
This estimate was made regarding the country’s GDP.
Foreign brokerage firms also expressed their opinion regarding India’s economy. Nomura said, the country’s GDP growth rate was 8.2 percent in the September quarter, which was 7.8 percent in the June quarter. That means the performance of the Indian economy has been better than before. The brokerage has increased the GDP growth estimate for FY26 to 7.5 percent from the earlier 7.0 percent.
Also talked about repo rate
Apart from this, Nomura has also expressed hope about reduction in repo rate before the MPC meeting of RBI on 5th December. Nomura says, even though questions are being raised on the expectation of 25 basis points reduction in the repo rate in view of the strong GDP growth figures, we will stick to our earlier estimate of 25 basis points reduction in the repo rate.
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