Mugunthan Siva from India Avenue says that India’s trade with the US, currently at $90 billion, might see gains due to potential free trade agreements. Talks have been positive, with India potentially benefiting from less competition from China.
Mugunthan suggests India may emerge strong by capturing more market share globally, particularly in sectors like pharmaceuticals and IT services. The country could become a low-cost producer amid shifting trade dynamics, with Apple increasing production there.
On Australia-India trade relations, Mugunthan notes untapped potential, especially in agriculture, IT services, and education. With previous minimal trade, leaders have discussed expanding this relationship, offering growth opportunities for both nations.
