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 Dutch Sun 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 Dutch Sun.
More InformationTOKYO, Japan: Severe tropical storm Jangmi hit Japan on June 3, bringing strong winds and heavy rain that disrupted transport and businesses...
BELFAST, Northern Ireland: A man who pretended to be live-streaming a video game on YouTube to create an alibi while he killed his...
KHARTOUM, Sudan: The United Nations says sexual violence has become one of the main features of the war in Sudan, which is now in its...
GENEVA, Switzerland: The United Nations weather agency said on June 2 that a moderate or possibly strong El Niño could develop, which...
GENEVA, Switzerland: Global health organization CEPI has committed roughly $60 million to accelerate the development of vaccines against...
BUDAPEST, Hungary: Hungarian Prime Minister Peter Magyar said on June 1, after meeting President Tamas Sulyok, that if the president...
GENEVA, Switzerland: Global health organization CEPI has committed roughly $60 million to accelerate the development of vaccines against...
BUDAPEST, Hungary: Hungarian Prime Minister Peter Magyar said on June 1, after meeting President Tamas Sulyok, that if the president...
BECOV NAD TEPLOU, Czech Republic: A collection of wine from the late 19th century, which had been hidden for many years under the floor...
NEW YORK CITY, New York: Oil prices surged by about $5 a barrel on June 1 as fears of further disruptions to global energy supplies...
DUBLIN, Ireland: The Government plans to move ahead with proposals to remove the triple lock system that controls overseas deployment...
NEW YORK CITY, New York: Meta's effort to train artificial intelligence systems using detailed records of employee computer activity...
