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Global Uncertainties Affecting Private Capex; Industries Will Cheer US-India Deal, Rajiv Memani Says

  • Global uncertainties have impacted private capital expenditure in the last three to six months, causing delays in planning for long-term investments according to Rajiv Memani, President of the Confederation of Indian Industry (CII).
  • Memani expresses optimism for India's economic resilience amidst macroeconomic factors and ongoing uncertainties, highlighting the need for predictability in business planning.
  • The India-US Free Trade Agreement is seen as strategically important, with discussions between industries and the Commerce Ministry focusing on the opportunities and challenges presented by the deal.
  • Industries are expected to benefit from reduced tariffs through the agreement, leading to a positive outlook, as Memani continues to hold a bullish view on India and its potential for growth.

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