Corporate India has welcomed the India-US trade deal after months of uncertainty, saying it will lower costs, boost exports and galvanise India’s growth ambitions in a rapidly evolving global market. While most companies are reading the fine print carefully, in general corporate leaders acknowledge that the India-US agreement firmly embeds the nation in global value chains, coming right after trade deals were signed with the EU, UK, Oman, New Zealand and others. Crucially, the lowering of reciprocal tariffs by 7 percentage points, say India Inc captains, will improve competitiveness of Indian exports and bring much-needed relief to export units across sectors. The additional 25% tariffs on Indian goods have been waived off as the country is no longer buying Russian oil, the US said.