India and the US have announced a trade deal to ease tariffs. Here's how the India-US trade relationship compares with India's major partners and the world's largest trade corridors
Moody's said the trade deal will reinvigorate India's goods export growth to the US, which remains the country's largest goods export market
A BTA between the two nations would deliver meaningful benefits for businesses, workers, and consumers in both countries, while strengthening supply chains and economic resilience, it added
Nageswaran's bullishness was echoed by Indian markets, with the rupee posting its biggest gain in more than three years and stocks jumping the most since 2021 on Tuesday
Anuradha Thakur said the Indian economy has remained 'resilient' amid growing geopolitical uncertainty, as the India-US trade deal brought clarity after months of negotiations
Exporters expect improved competitiveness and higher shipments to the US after the proposed reduction in American tariffs on Indian goods to 18 per cent from 50 per cent
Along with price discounts, India must replace around 1.7 million barrels per day of average Russian crude imports
Fish exports to the US fell 15 per cent by volume to 201,501 tonnes in the April-November period of the current fiscal year
Trump announced a trade deal with India that slashes US tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade barriers
Even as both PM Modi and Trump hailed the agreement, details on several key issues, including agriculture, India's purchase of Russian oil and the services sector, remain unclear
The revised tariff structure would place India on a par with competitors like Thailand and Pakistan, which currently face duties of approximately 19 per cent
Indian companies have already booked cargoes loading in February and arriving in March, so a wind-down period would be needed to fulfil existing commitments
IESA said India-US trade deal can be a major catalyst for India's electronics, semiconductor, and technology ecosystem
Sitharaman expressed gratitude to the leadership of Prime Minister Modi and President Trump following annoucement of the trade deal
The announcement came after a phone call between Prime Minister Narendra Modi and Trump
India-US trade deal: A closer look at how American tariffs on Indian exports compare with those faced by key rivals such as China, Vietnam, Mexico, Bangladesh across major sectors
Goyal also said the trade deal will help India get technology from the US
Trade deal's finalisation comes just a day after Budget, which offered fresh support for exporters and sectors including rare earths, reinforcing early signs of improving investor confidence
After the US imposed 50 per cent tariffs, Prime Minister Narendra Modi said India would "never compromise" on the interests of farmers, livestock rearers and fishermen
In a post on X, Vaishnaw, the Union minister for information and broadcasting, said, 'Trade deal between the US and India will lead to a brighter future for both countries'