Romal Shetty, Chief Executive Officer, Deloitte South Asia
Trade wars are not here to stay, says Romal Shetty, CEO of Deloitte Zuid -Asia, the prediction of current uncertainty can alleviate in the coming months.
Shetty said he believes that India and the US are closer than they have been in many years, with the two parties sharing more common land than ever before. India is in a cheaper position than many other countries, because of the reinforced relationships with the United States and its strategic geopolitical status, Shetty said PTI In an interview.
The comment comes in the midst of continuous negotiations between India and the US about the crucial trading pact, because the deadline of August 1 to August 1 is looming. The American team is planned to visit India in August for the next round of negotiations on the proposed bilateral trade agreement between the two countries. India and the American teams concluded the fifth round of conversations in Washington last week for the agreement.
“I think these trade wars are for a certain time. It will not be a long-term time. Somehow it will end … The trade war, the trade rates, the high rates … I don’t think it’s 50-60 percent … those rates, my personal look, I think it will happen. It will come down,” Shetty said.
To a question about what he thinks is most suitable for India, we say when it comes to trade, “I actually think that India and the US have the best relationships in terms of many, many years.”
He said, while India and us want to protect their own interests, “it’s about finding a middle ground.”
“My opinion is that India and we have much more in common than ever before. So I think they will meet. And I think the policymakers will ensure that there are certain marginalized sections, certain other sections … who have a challenge if we have absolute free trade … I think it is not very easy to close, so they have multiple rounds, he.
He noted that a complex issue that requires such a matter requires several rounds of Parlays, he expressed the hope that the outcome would be a deal that would be favorable for both parties, and one that also considerably increases each other’s market.
“Hopefully, in the next three, four months, I think we should be out of these tariff wars,” he said.
He noted that India is placed stronger than many countries, both in terms of the relationships it has built up with the US and its strategic and geopolitical positioning.
Published on July 22, 2025
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