India-US trade deal could further boost already vibrant trade corridor: Citi India CEO | Today’s news
New Delhi:The proposed India-US trade agreement is expected to further boost trade and investment flows between the two countries and provide further support to an already vibrant economic corridor, Citi India CEO K Balasubramanian said on Thursday.
Speaking to ANI on the sidelines of the 2026 Citi India Conference in Mumbai, Balasubramanian said the India-US corridor remains one of the most important markets for both India and Citi.
“The India-US corridor is a very important corridor for India as well as for Citi India. In fact, it is our biggest corridor,” he said.
Expressing optimism about the proposed trade deal between the two countries, Balasubramanian said, “We are all excited and waiting for it to be announced and expect it to double down on the already existing and vibrant trade corridor.”
He noted that economic activity between India and the United States covers a wide range of sectors, including information technology, software, engineering and consumer businesses.
“If you look at the type of business that’s happening in this corridor, we see activity on the IT side, we see activity on the software side, we see activity on the engineering side, consumer. So there’s a lot of work going on in the US-India corridor,” he said.
Balasubramanian also highlighted the strength of investment flows from the United States to India.
“Even if you look at the investment coming into the country from this corridor, it’s still quite robust,” he said.
While he welcomed the ongoing discussions on the trade pact, he cautioned that the final contours of the agreement were yet to emerge.
“We have to wait and see on a trade deal. At this point, frankly, it’s anyone’s guess what’s going on with that,” he said.
On the broader economic outlook, Balasubramanian said India’s growth trajectory remains resilient despite global uncertainty.
“If you look at the resilience of the country, despite the headwinds … we continue to grow at about 7 percent,” he said.
He added that India’s growth rate stands out among the major economies of the world.
“For a large economy of $4 trillion GDP, 7 percent growth is very material growth, which is probably the fastest growth among most large economies in the world,” Balasubramanian said.
“I think we should be pretty comfortable and happy with the current tailwinds that we see from a growth perspective,” he added.
