Indian businesses hoping for US trade deal ahead of tariff deadline, says CII’s Memani

News Snapshot:

New Delhi: Indian businesses are hoping for a breakthrough in trade negotiations with the US as the deadline for higher reciprocal tariffs approaches, said Rajiv Memani, chairman and chief executive of EY India, who has recently taken over as president of the Confederation of Indian Industry (CII) for 2025–26. Speaking to reporters on Thursday, Memani underscored the urgency of boosting Indian competitiveness through regulatory and business reforms. “India’s economy is expected to grow at 6.4–6.7% this fiscal,” he said, in line with projections in the Economic Survey. Highlighting India’s ongoing trade diplomacy, Memani said the country has been actively signing...