Hyderabad, April 19 -- Hyderabad District Congress Committee (DCC) president Syed Khalid Saifullah on Saturday warned that the Indo-US trade agreement could adversely impact industries, traders and small businesses.
Addressing a Maha Dharna organised by the Indian Youth Congress at Indira Park here, Saifullah said the agreement finalised in February would significantly increase imports from the United States.
He noted that imports, which were earlier around $50 billion, could rise sharply to nearly $500 billion, putting considerable pressure on domestic markets.
Expressing concern over the impact on small and medium enterprises (SMEs), he said many such units supply components to public sector undertakings like Bharat Heavy Electricals L...