Why it works for both sides: Relief for exports, choices for agriculture

Ashok Gulati The patience of Narendra Modi govt seems to have paid. The US-India joint statement issued by the White House on Feb 6 gives some relief. It indicates what is likely to come in the trade deal. It is still an ‘interim agreement’ and there is no explicit mention that India will stop buying crude oil from Russia. More details will be known only when final agreement is reached sometime in March. But this joint statement surely shows convergence of interests between the two countries, and my preliminary research shows that it is likely to be mutually beneficial. Here…