Opening dairy sector in US FTA could cause 1.03 lakh Cr loss
India and the United States are finalizing an interim trade agreement that could lead to significant tariff reductions—U.S. duties on Indian goods may drop from 26% to below 20%. However, agricultural and dairy sectors remain highly contentious. SBI Research warns that opening up dairy to U.S. products might depress domestic milk prices by 15%, eroding […]