New Delhi, Feb 3 (NationPress) The India-US trade agreement is heralded as a pivotal deal for the nation, promising to create a surge in job opportunities and enhance foreign exchange reserves, stated Ashishkumar Chauhan, the MD and CEO of NSE, on Tuesday.

In a conversation with IANS, Chauhan expressed that the trade deal between the United States and India has been anticipated for quite some time and is set to be executed promptly, contrasting with the European agreement, which is slated to be rolled out after six months.

“India stands out as the sole nation equipped with ample manpower, a strong capability for high-tech innovation, and a readiness to embrace technology. This unique combination makes us an attractive negotiation partner for many countries. The agreement will facilitate increased exports from India, thus creating more jobs and positively impacting our foreign exchange,” Chauhan elaborated.

He highlighted that the reduction of the US tariff on Indian products from 25 percent to 18 percent will significantly benefit various sectors such as leather goods, garments, and marine products, which are crucial for job creation and will revitalize exports to the US. Chauhan predicted that “over the next decade, India will experience a golden era.”

Chauhan also noted a favorable outlook among portfolio investors regarding the trade deal.

“Investor sentiment is overwhelmingly positive. The trade agreement opens up substantial profit potential for companies,” he remarked.

“Indian investors are aligning themselves with the Prime Minister's vision for the nation's growth trajectory. As a result, we are witnessing a growing wave of domestic investment in Indian enterprises each month. The recent trade agreements are a testament to this renewed confidence, indicating that Indian investors are now well-positioned to fund their own expansion,” he shared with IANS.

Chauhan pointed out that NSE's international exchange, operating in Gift City for approximately 22 hours, closed at 25,970—reflecting a 2.5 percent increase at 2 AM last night.

“Today, as the Indian market opened, the NSE also saw a 2.5 percent rise. This initial reaction is promising. As companies analyze the potential for increased profits, further ratings are likely to follow,” he stated.

He further observed that for the past 30-35 years, the US and several European nations have been favoring China. However, they are now viewing China as competitive and shifting their focus away from it.

“India requires strategic partners who can import our products and to whom we can export our services, skills, and manufactured goods—countries like the US, Japan, Australia, and those in Europe. China is unlikely to become a significant importer of our goods. Thus, by engaging with these nations, we are effectively fostering competition against China,” Chauhan concluded.