Trump's midterm setback may speed up India trade deal

An unfavorable US midterm election outcome is likely to push President Donald Trump to hasten a trade deal with India and adopt a more predictable tariff policy, analysts said Wednesday. Trade experts suggest Trump may use executive powers to pressure India for a quick agreement securing market access for US goods. India should insist on enforceable concessions and WTO consistency, while the proposed deal faces criticism for potentially violating Most Favoured Nation principles. The Democratic Party's sweeping midterm victory boosted global sentiment, raising expectations of measured trade policies. Indian stock indices rallied for a fifth session, with the Nifty rising 0.63% and the rupee gaining against the dollar on optimism over foreign fund inflows.