Tariff cut to open door wider for exports, lift rupee, fund inflows: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman hailed the reduction in tariffs by the US as a game-changer for Indian exporters. This development is likely to fortify the Indian rupee and entice more international investments, positioning India as a key player on the global economic stage

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New Delhi: The US slashing tariffs on goods is a “very big development” for India’s exporters and will have a positive impact on the rupee and boost fund flows into India, finance minister Nirmala Sitharaman said. India already contributes significantly to global growth and the tariff cut puts India at a different level altogether, Sitharaman said in a post budget interview with ET in her chamber at the parliamentary house.