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They have also said that in the event of a minority government, they will be pushing to reform tax incentives for investors.

But even with a trade deal in place, India's economy is unlikely to be immune to a slowdown in other parts of the world with demand for its exports potentially reducing in the event of global growth falling off a cliff.

In the event of reaching a deal with the US, the consultation with businesses would be paused, he added.

There are a half dozen or so sections of legislation from which the executive draws tariff powers: a 1962 law allowing for tariffs to protect national security, a 1974 law allowing them based on trade violations or injury to domestic injury, a 1930 law to address discrimination against U.S. commerce, a 1977 law in the event of a national emergency, and so on.

The large wings help it to glide in the event of power failure and there are two motors at the end of each wing so that if one fails the other can compensate.