Sensex gains 2,271 points as US cuts tariffs on imports
Business
The Indian stock market had a huge morning, with the Sensex leaping 2,271 points to hit 83,937 and Nifty up by nearly 700 points.
This rally followed the US cutting tariffs on Indian goods from 25% down to 18%.
India could see economic growth at 7.5% in FY27
This move could mean more jobs and opportunities, since the US is a major destination for Indian exports. Key sectors like tech, textiles, auto parts, and green energy are set to benefit.
Dr. V.K. Vijayakumar said the deal could push India's economic growth to around 7.5% in FY27.
Smoother trade and more global investors
The agreement also promises smoother trade between the two countries and could attract more global investors back into India's markets—good news if you're watching stocks or thinking about investing.