ANI
04 Jun 2026, 18:29 GMT+10
New Delhi [India], June 4 (ANI): The proposed India-US trade agreement is expected to further strengthen trade and investment flows between the two countries and provide an additional boost to an already vibrant economic corridor, Citi India CEO K Balasubramanian said on Thursday.
Speaking to ANI on the sidelines of Citi's 2026 India Conference in Mumbai, Balasubramanian said the India-US corridor remains one of the most important markets for both India and Citi.
'The India-US corridor is a very important corridor for India as well as for Citi India. In fact, that is our largest corridor,' he said.
Expressing optimism over the proposed trade agreement between the two countries, Balasubramanian said, 'We are all excited and waiting in terms of when that is going to get announced, and our expectation is that that will further double up in terms of the already existing and vibrant trade corridor.'
He noted that economic activity between India and the United States spans a wide range of sectors, including information technology, software, engineering and consumer businesses.
'If you look at the type of business that is happening in this corridor, we see activity on the IT side, we see activity on the software side, we see activity on the engineering side, consumer. So there is a lot of work that is happening on the US-India corridor,' he said.
Balasubramanian also highlighted the strength of investment flows from the United States into India.
'Even if you look at the investments that is coming into the country from this corridor, it continues to be quite robust,' he said.
While welcoming ongoing discussions around the trade pact, he cautioned that the final contours of the agreement are yet to emerge.
'We need to wait and see on the trade deal. At this point in time, frankly, it is anyone's guess in terms of what's happening on that,' he said.
On the broader economic outlook, Balasubramanian said India's growth trajectory remains resilient despite global uncertainties.
'If you look at the resiliency of the country, despite the headwinds... we continue to grow at around about 7 per cent,' he said.
He added that India's growth rate stands out among major economies globally.
'For a large economy of USD 4 trillion of GDP, a 7 per cent growth is a very material growth, and which is probably the fastest growth amongst most of the large economy in the world,' Balasubramanian said.
'I think we should be pretty comfortable and happy in terms of the current tailwinds that we are seeing from a growth perspective,' he added. (ANI)
Get a daily dose of Central Coast News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Central Coast News.
More InformationNEW YORK, New York - U.S. stocks closed sharply higher on Thursday, led by a blockbuster rally in the Dow Jones Industrial Average,...
NEW YORK CITY, New York: Elon Musk's SpaceX is planning an unprecedented stock market debut, aiming to raise a record US$75 billion...
SAN FRANCISCO, California: Microsoft said it expects to have commercially useful quantum computers by 2029 after unveiling a new quantum...
LONDON, U.K.: Nigeria's Dangote refinery has built up a significant surplus of jet fuel and is well-positioned to supply markets around...
NEW YORK, New York - Wall Street suffered a dramatic sell-off on Wednesday as a new outbreak of hostilities in the U.S.-Iran conflict...
WASHINGTON, D.C.: U.S. job openings rose unexpectedly in April, reaching their highest level in nearly a year, but economists cautioned...
SAN FRANCISCO, California: Microsoft said it expects to have commercially useful quantum computers by 2029 after unveiling a new quantum...
SAN FRANCISCO, California: Artificial intelligence company Anthropic has confidentially filed for a U.S. initial public offering, becoming...
WASHINGTON, D.C.: The U.S. travel industry is warning that any move to halt the processing of international passengers and cargo at...
SAN FRANCISCO, California: Microsoft and Nvidia are expected to unveil the first Windows personal computers powered by Nvidia-designed...
(Photo credit: Benny Sieu-Imagn Images) Eric Haase hit a grand slam and Jung Hoo Lee had four hits to extend the longest current...
(Photo credit: David Rodriguez Munoz / USA TODAY NETWORK via Imagn Images) Instead of playing in the World's Most Famous Arena, Duke...
