It was well known that while the Indian economy had settled into a quick trot, consumer demand was uneven and top-loaded – expensive cars and condos were seeing strong demand, while purchasing power in the hinterland, where the majority of Indians live and buy goods like two-wheeled vehicles, had been soft for the past few years. But since the economy clocked 8.2 per cent in the fiscal second quarter ended Sept 30, 2025, this would suggest a deceleration in the second half of the fiscal year. The agreement is delayed apparently because Mr Trump is not satisfied with India’s third and most recent offer, while New Delhi anticipates a significant weakening of Mr Trump’s position in the months to come and sees no gain in conceding too much too soon.
Author: Ravi Velloor
Published at: 2026-01-11 21:55:43
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