Despite high expectations, the ‘Howdy, Modi’ event didn’t exactly turn out to be the happy moment for India Inc. Local exporters were hoping that the much-touted event would help push US-India trade talks forward. However, discussions between the sides have stalled due to differences over the precise terms of the limited trade pact. A P Maersk further dampened spirits in its April-June India trade report, which pointed out that growth of containerized trade from India slowed to 1%, led by slowing trade growth and trade war-driven rising tensions, along with macroeconomic events like rural consumer distress, tightening liquidity, and a slowdown in key manufacturing sectors. However, a silver lining in this moment of distress is the government's series of announcements aimed at kickstarting the economy and bringing back its original growth levels. One hopes that this boost will suffice to bolster market spirits and restore positive sentiment in the days to come.