America has begun to harass the fear of recession, with a rate of 10-15 percent in business conversations with India

New -Delhi, September 19 (IANS). Business conversations between India and America have begun. Meanwhile, the country’s chief economic adviser V. Anant offseran recently said that the US could soon lower the tariff on India between 10-15 percent, which is currently 50 percent. To lower rates, America is not a coincidence that the US is coming to the conversation table with India, but this is the result of our growing economic power and strong status, and the US is also afraid of the recession. According to the International Monetary Fund (IMF), the economy of India will grow by 6.2 percent in 2025 and 6.3 percent in 2026, while the global growth rate is 3 percent and 3.1 percent respectively. With this growth rate, India will remain the fastest growing major economy in the world. India develops rapidly at a time when the world is struggling with rates and uncertainty. According to the rating agency Fitch, the growth rate of the US economy could be reduced to 1.6 percent in 2025, which was 2.8 percent in 2024. On the one hand, India is moving forward to the economy. On the other hand, it also develops quickly as a manufacturing center for the world. The biggest thing is that India has emerged as a strong alternative to China worldwide, where many veteran business groups from all over the world have also invested. Even veteran companies from Tesla to Apple and Semiconductor moved to India. Major companies of the world are establishing plants in India by removing their production from China. One of the most important businesses investing in India is US Tech veteran Apple, which has composed more than $ 22 billion in FY 25 in India, which is 60 percent more than the previous year. IPhone sales in India also increase quickly. The sale of the iPhone 17 series started in the country on Friday, long queues are seen outside the Apple stores in the country to buy it. Our fast -growing retail sector is one of the reasons for the US interaction to lower rates with India. According to the Deloite Fikki report released in August, the Indian retail market could be almost double in the next five years. The report reported that the size of India’s retail market could rise to $ 1.93 trillion by 2030, which was $ 1.06 trillion in 2024. Due to the start of a US India trade agreement, Brics plans to launch their currency, causing a great loss to the dominance of the dollar worldwide. Negotiations on Indo-American trading transaction began on Tuesday. The US trading delegation came for talks in New -Delhi. India can become the second largest economy in the world by 2038 in the purchase of power equality (PPP). Purchasing power equity is an economic principle that measures the value of currencies by comparing a standard basket with goods and services in different countries. According to the EY report based on the estimates of the IMF, the economy of India can reach $ 20.7 trillion (in terms of PPP) by 2030, which is better than the US, China, Germany and Japan. According to the statement issued by the Ministry of Trade regarding the trade agreement, the two parties held positive and future oriented discussions by accepting the constant importance of bilateral trade. The conversation discussed various aspects associated with the trade agreement and it was decided that an interaction efforts would be strengthened to transfer a mutually beneficial agreement to the earliest result. Earlier, on September 11, Piyush Goyal, Minister of Trade in Trade Union and Industry, expressed confidence that the first phase of the trade transaction between India and the US could be final by November. He said that the discussion between the two countries is moving in a positive direction and that both sides are satisfied with the progress so far. -Ians abs/abm