New Delhi, Dec. 24 -- For Indian MSMEs, the year is no doubt ending on a positive note. India has recently inked trade agreements with two nations-Oman and New Zealand, coming on the heels of the UK and EFTA pacts. These agreements add another vital layer of protection to help exporters navigate the tough times caused by the additional tariffs of 50% imposed by the United States on Indian exports.
Arguably, these additional tariffs came as a blessing in disguise for the Indian exporters as they are now compelled to explore other countries and reduce their dependence on one economic superpower. The signing of these FTAs with the UK and EFTA sends a clear message that Indian businesses are resilient and are ready to face any adversity.
The ...