New Delhi, Feb. 3 -- Robinder Sachdev, Foreign Affairs Expert, lauded the US-India deal which lowered US tariffs on India to 18% from 50%.

Sachdev, in conversation with ANI, said that the deal is a good news for Indian economy as it provides predictability and stability for US-India trade.

"The news about tariffs on India being reduced to 18% from the 50% I think is definitely a welcome news for Indian economy. It's good news for jobs in India because every 1 % of tariff in America means about $1 billion loss of our exports and $1 billion export loss equates to about a 100,000 jobs. So if 50% tariff had continued for one year That would have meant that India would have lost around 50 billion dollars of exports to America and About 50 la...