India US trade agreement: NITI Aayog CEO BVR Subrahmanyam on Friday expressed confidence that some positive news may emerge on India’s proposed bilateral trade agreement (BTA) with the US by the end of November.
He said in ‘CNBC-TV18’s Global Leadership Summit 2025’ program that the National Manufacturing Mission will start by the end of November. Subramaniam said, “I think things have been a bit difficult with America and efforts are being made to restart it. Trade talks are ongoing.
CEO expressed hope
Hopefully, we can get some positive news by the end of this month. The CEO said that India is continuously attracting foreign investors. He said, “American companies are opening global capability centers in India. This simply means that the basic charm of India will outweigh everything else. His comment is important because America is pressurizing India to stop buying crude oil from Russia.
Subramaniam said, the world is going through an ups and downs. Don’t know how to deal with it. The world is moving in a direction where low growth rates are a normal thing. He said, India is in a different situation among them. I mean, this is the brightest spot in the global economy, and that’s what makes it important.
Talks are going on between the two countries
Many levels of trade talks have taken place between India and America. Positive signals are being given from both the countries regarding the talks. Recently, the US President praised Prime Minister Modi. In such a situation, it remains to be seen what result this talk will reach.
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