U.S.-India Trade Deal: Why Markets Remain Cautious During Marco Rubio’s Visit

U.S. Secretary of State Marco Rubio’s India visit has brought energy cooperation and the proposed U.S.-India trade deal into focus. With discussions involving major Indian business leaders, expectations are building around stronger bilateral ties across energy, technology and defence. However, markets remain cautious about the potential impact of the agreement amid tariff uncertainty and unclear global trade dynamics. Pankaj Pandey, Head of Research at ICICI Direct, explains why a deal may not immediately transform market sentiment and why investors should watch developments involving competing economies, U.S. trade policy and the broader geopolitical landscape. Business Today brings you the latest market perspective.