India, Feb. 4 -- India and the United States clinched a major trade pact on February 2, with Washington cutting tariffs on Indian goods to 18%, giving New Delhi a competitive edge over export rivals such as China, Indonesia, Vietnam and Bangladesh. Experts say the agreement could indirectly affect the real estate market by boosting foreign direct investment in commercial real estate and strengthening demand for office space, particularly for global capability centres.

Commerce and Industry Minister Piyush Goyal told reporters on Feb 3 that the deal is in the final stages of detailing between the negotiating teams of both countries, and technical details will be made available through an India-US joint statement likely to be issued soon. ...