US President Donald Trump scheduled to visit India this month has hinted that US may not sign any full-fledged trade agreement with India. He said that a big one is in the offing. Speaking to reporters Joint Base Andrews in Maryland on Tuesday, President Trump threw light on his India visit and said that US will sign a big deal with India.
Trump however pointed out that US is not treated very well by India when it comes to trading but added that he was a fan of Prime Minister Narendra Modi and is looking forward with a positive ray of hope. Elaborating further he said that India visit is going to be an exciting one and that everyone who will be a part of the trip will enjoy a lot.
Speaking about inaugurating the Sardar Vallabhai Patel Stadium in Ahmedabad he said that the Prime Minister of India had told him there will be approximately seven million people between the airport and the event. The stadium is under construction but is going to be the largest in the world with a seating capacity of 1,10,000 people and in that way it is very exciting.
One main bottleneck is India's proposed law modelled on European legislation to require financial companies like credit card issuers to store data in India. With the proposed law before Parliament it becomes difficult for Modi to agree to US demands that there should be no such provisions.
The other one was Indian restriction on importing dairy products from animals fed with offal, the leftover products from killing of animals.
