Donald Trump's claim that India will buy $500 billion of US goods under a new trade deal dwarfs current trade flows and follows a familiar pattern from his earlier negotiations
January services PMI: New orders increased faster in January after slowing at the end of 2025
The agreement comes after months of tensions between US and India that began to ease in recent weeks, and follows a big trade agreement signed by India with the European Union last month
India had agreed to buy petroleum, defence goods and aircraft from the US, while partly opening up its guarded agriculture sector under the agreement
Allocations for 2026-27 across 14 sectors reveal clear winners and laggards
Container support scheme will lead to capacity equal to 10% of global demand
Economists warn that removal of revenue deficit grants could hurt fiscally weak and hill states, forcing them to seek alternative support from the Centre
CBIC Chairman Vivek Chaturvedi explains the Budget's calibrated customs duty exemptions, SEZ flexibility and tariff reforms amid global trade headwinds
Goyal said both sides were working on a "joint statement" outlining the details of the first phase of the agreement
Department of financial services (DFS) secretary M Nagaraju said: "Dark clouds of uncertainty had lifted from the world economy and industry should now cheer up and heave a sigh of relief"
In comparison, central government-owned ports grew 9%
Along with price discounts, India must replace around 1.7 million barrels per day of average Russian crude imports
After months of tariff shocks, stalled talks and diplomatic sparring, India and the US finally stitched together a trade deal that reshaped bilateral ties
Economists say the India-US trade deal could lift FY27 GDP growth by 20-40 basis points by boosting exports and reducing uncertainty, though risks from imports remain
Trump's steep 50 per cent tariffs last year dented Indian exports by raising landed costs, squeezing exporter margins, and eroding competitiveness in the American market
With the US agreeing to cut tariffs on Indian goods to 18%, industry expects India's textile and apparel exports to gain a competitive edge and post double-digit monthly growth from FY27
Delphin noted enthusiasm from business communities on both sides, emphasising opportunities in supply chain integration and worker mobility
Centre says sensitive sectors such as agriculture and dairy are outside the India-US trade deal, easing concerns even as US officials speak of higher farm exports
Some economists said that a pause is warranted at this juncture to assess the upcoming CPI and GDP data, which will be released in mid to late February 2026 using new base years
India-US tariff cut to 18% lifts prospects for labour-intensive exports as firms diversify markets and oil sourcing shifts amid geopolitical pressure