India-US trade deal, Feb. 3 -- Chief Economic Advisor V Anantha Nageswaran feels that the lower 18% tariff on India from United States President Donald Trump, removes "the biggest stumbling block" for foreign capital inflows into the country, as per an Indian Express report.

"This undoubtedly changes the picture on capital flows. This was the biggest stumbling block for capital flows. This makes a huge, huge difference," he told the paper.

Noting that the reduced tariff rate will "remove all uncertainty", Nageswaran also noted that this allows India to bring the "China + 1 strategy back in the game".

"The tariff rate removes a huge uncertainty from the minds of both direct and portfolio investors. In terms of foreign direct investment,...