Siddhartha Sanyal, Chief Economist & Head of Research at Bandhan Bank doesn't think a U.S.-India trade deal will risk souring relations with India's allies. He believes that India's defense exports will continue growing with defense manufacturing being a critical component of the government's 'Make in India' initiative.

As India and the US push to finalise a trade pact before Trump’s July 9 deadline, agriculture has emerged as the biggest roadblock. With disagreements over GM crops, dairy and ethanol, and concerns over rural livelihoods,