The Confederation of All India Traders (CAIT) has welcomed the India-US trade deal, stating that it will be a major boon to the MSME sector of the country. Secretary General of CAIT, Praveen Khandelwal, said in a statement today that this agreement marks a major milestone in India’s journey towards becoming a global economic powerhouse. Mr Khandelwal added that it reflects India’s growing stature as a confident, competitive, and reliable trade partner on the world stage.

 

He said that the deal will significantly benefit several key Indian sectors including textiles and apparel, leather and footwear, gems and jewellery, generic pharmaceuticals, auto and aircraft components, chemicals, plastics and rubber products, home décor, handicrafts and select engineering goods. Mr Khandelwal highlighted that improved market access and tariff rationalisation will enhance India’s export competitiveness in the world’s largest economy.