US-India Trade Talks: Which Sectors Will India Prioritize For Protection?

In this segment from Business Today TV's Market Today, Gaurav Dua, Head Capital Market Strategy at Mirae Asset Sharekhan, discusses the potential outcomes of the ongoing US-India trade talks. He emphasizes that despite the relationship between President Trump and the Indian Prime Minister, Trump has made it clear that negotiations will be tough, focusing on India's high tariffs. Gaurav Dua believes India's priority will be to secure the agriculture sector, given its significant employment base. He also highlights core industrial sectors like auto and steel as areas of intense negotiation. However, he suggests that India might be willing to concede on tariffs for non-essential items like whiskey and imported liquor, despite the potential impact on specific stocks. Gaurav Dua predicts that the next month will be extremely volatile, with events like April 2nd, the RBI meeting, and corporate earnings reports adding to market uncertainty. He also briefly touches on the positioning of foreign portfolio investors (FPIs) following the recent market bounce. Tune in for expert analysis on how these trade talks and market events could impact your investment strategy.