Trade Deal Boosts India Inc: Axis Bank's Neelkanth Mishra on Investment & Rupee Stability
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CNBC TV18•03-02-2026, 16:40
Trade Deal Boosts India Inc: Axis Bank's Neelkanth Mishra on Investment & Rupee Stability
- •Axis Bank Chief Economist Neelkanth Mishra states the India-US trade agreement reduces uncertainty for businesses and improves economic sentiment.
- •The deal lowers tariffs on Indian exports to 18%, removing a significant trade overhang and offering symbolic importance for both economies.
- •Sectors like gems and jewellery, apparel, and auto components, previously impacted by higher tariffs, are expected to benefit from the tariff cut.
- •The agreement is anticipated to help companies plan non-tech FDI more clearly and support rupee stability by improving market confidence.
- •Mishra notes continued growth in services exports and expects new orders to reflect in export data as global retail demand cycles reset.
Why It Matters: India-US trade deal removes uncertainty, lowers tariffs, and is set to boost investments and rupee stability.
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