New Delhi, Feb. 3 -- The announcement of a landmark India-US trade deal, including a reduction in reciprocal tariffs, has drawn reactions from business leaders, market experts, and industry bodies. Welcoming the move, stakeholders said the agreement could strengthen bilateral economic ties, and unlock long-term opportunities across sectors, even as they cautioned that the finer details will be crucial.

Nilesh Shah, MD of Kotak Mahindra AMC, said the deal removes a major source of uncertainty hanging over Indian markets.

"India-US trade deal has gone through ups and downs like a roller coaster. While the devil is in the details, it removes a hanging sword over rupee, equity and rates market. Let us hope that it is a win-win deal for both...