Sonal Varma, Managing Director and Chief Economist (India and Asia ex-Japan) Nomura, Singapore Show Quick Read Summary is AI Generated. Newsroom Reviewed

The much-awaited India-US trade deal could likely be a 'positive surprise' for the markets and economy, according to Sonal Varma, Managing Director and Chief Economist (India and Asia ex-Japan) Nomura, Singapore. The lead economist also believes that India's economic indicators of high growth and low inflation makes it an 'envious spot' for other countries.

In an exclusive interaction with NDTV Profit on Dec. 10, Nomura's Varma said that India's imports of Russian oil is expected to come down as the sanctions are in effect. "The 25% additional penalty on India for buying Russian oil might be removed, given crude imports from

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