Rajdeep Reacts To Modi-Trump Call, Siddharth Zarabi Says ‘Trade Deal To Spark Bumper Market Opening’

0 February 2, 2026 15:04

On this news bulletin, Managing Editor Siddharth Zarabi discusses the significant breakthrough in India-US trade relations following indications of a new deal. Zarabi highlights that the reciprocal tariff has been reduced from 25% to 18%, noting that ‘all the pain of the STT hike of Sunday budget will be forgotten’ as markets are expected to see a bumper opening. He explains that the deal is contingent on India potentially shifting oil purchases away from Russia toward sources like Venezuela. Zarabi dismisses concerns over the scale of the agreement, stating that ‘buying 500 billion dollars over five years or six years… is peanuts for India’ given the country’s growing economic capacity. The discussion also covers the impact on labor-intensive exports like textiles and fisheries, and the strategic importance of maintaining the Quad alliance for maritime security and defense cooperation.

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