The US is also the third largest investor in India, with cumulative investments amounting to $76.26 billion between April 2000 and June 2025, ahead of Singapore and Mauritius
Government pledges policy interventions and trade support to ease impact of 50% US tariffs
Cabinet likely to take up proposal on Wednesday
Piyush Goyal said India and the US remain in talks for a trade deal despite tariff frictions, even as India advances free trade agreements with the EU and other partners
Donald Trump described India-US ties as a one-sided disaster citing high tariffs and Russian oil imports, even as the US Embassy highlighted enduring bilateral friendship
Govt plans SEZ reforms to offset US tariff hit, enabling duty relief on domestic sales and support for labour-intensive exporters
Exporters are expected to encounter delayed payments, stretched receivable cycles, and cancelled orders due to the tariff shock
The Union minister exuded confidence that the measures will ensure that India's exports in the current financial year will exceed that of last year's
Multi-pronged strategy in the works to help exporters
In the meantime, describing the India-US relationship as "very complicated", US Treasury Secretary Scott Bessent, in a television interview, hoped that "at the end of the day, we will come together"
A high-level EAEU delegation will visit New Delhi next month to begin negotiations on a proposed trade pact, expected to expand India's export markets
Exporters will need to explore new markets as the US is no longer an option for many, he stressed
Finalising a trade deal with the trade bloc has been a key priority for New Delhi, and it has now become even more critical
India's free trade agreements are evolving, incorporating new areas like labour, environment, and intellectual property. Barthwal highlighted the complexity of India's deals with the EU and UK.
Russia dominates grouping with more than 92% share in India's trade
The Bill, prepared by the Department for Promotion of Industry and Internal Trade (DPIIT), has proposed amendments to 355 provisions under 16 central laws administered by 10 govt departments, ministry
The 20 countries accounted for 69 per cent of India's total value of goods exported during the first four months of FY26
Experts point out that the deal was possible only because both sides respected each other's sensitivities and regulatory autonomy
The Bill, earlier cleared by the Union Cabinet, has now been referred to a select committee, the ministry said in a statement
In July, negotiators from India and US had discussed the visit of the American team for sixth round of bilateral trade negotiations during the week starting Aug 25. That visit has now been called off