What will happen to economy if India-US FTA doesn't happen? RBI Governor reveals

What happened: RBI Governor Malhotra said the economic impact of a failed India-US trade deal depends on the extent of tariffs applied, calling it premature to answer but noting some negative impact is likely. Key numbers: US Trade Representative Jamieson Greer said on October 1 an India-US trade agreement was not imminent. Why it matters: Malhotra said recent trade agreements, some officialised and others in the pipeline, could help industry and diversify exports, mitigating the effect of additional tariffs on some sectors.

RBI Governor reveals economic impact if India-US FTA fails.

RBI Governor reveals economic impact if India-US FTA fails. — impact context not separately stored; see What changed.