The rupee's gains come after India and the US reached a trade agreement following months of negotiations, although details of the pact are yet to be released
The Congress on Tuesday demanded that the Modi government should take Parliament into confidence on the details of both the EU and US trade deals, while alleging that Prime Minister Narendra Modi has "completely surrendered" to appease US President Donald Trump at the cost of India's farmers. Congress general secretary in-charge communications Jairam Ramesh hit out at the government over the announcement of the India-US trade deal, saying "India stands diminished by this unfortunate sequence of events." He said that from the information President Trump has provided, it is abundantly clear that Prime Minister Modi has "completely surrendered". Ramesh said that almost exactly a year ago, Prime Minister Modi landed at the White House to greet President Trump on his re-election. "His trademark huglomacy was on full display. India-US relations never appeared brighter. Negotiations for a trade deal started immediately thereafter.But ever since President Trump made the first announcement
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
With better access to the US, EU and UK markets, supportive Budget 2026 measures, and pressure on rival Asian exporters, India's textile sector may be entering a rare window of opportunity
Moody's Ratings on Tuesday said the reduction of the US tariff rate on most Indian goods is credit positive for labour-intensive sectors such as gems, jewellery, textiles and apparel, which are the top export sectors. India and the US have agreed to a trade deal under which Washington will bring down reciprocal tariff on Indian goods to 18 per cent from current 25 per cent, US President Donald Trump said on Monday after a phone conversation with Prime Minister Narendra Modi. Moody's in a statement said the trade deal will reinvigorate India's goods export growth to the US, which remains the country's largest goods export market, accounting for about 21 per cent of India's total goods exports for the first 11 months of 2025. "Lower tariff rate will also be credit positive for labour-intensive sectors such as gems, jewellery, textiles and apparel, which rank the top export sectors," it said. However, pharmaceuticals and consumer electronics, the other two major export sectors, had be
The US-India trade deal is particularly positive for export-oriented sectors with meaningful exposure to the US market, say analysts.
The US-India Strategic Partnership Forum (USISPF) on Monday enthusiastically welcomes US President Donald Trump's announcement following his conversation with Prime Minister Narendra Modi, which reaffirms their shared commitment to deepen the USIndia economic partnership and advance a bilateral trade agreement. India and the US agreed on a trade deal under which Washington will bring down the reciprocal tariff on Indian goods to 18 per cent from the current 25 per cent, US President Donald Trump announced on Monday in a Truth Social post. USISPF said that the reduction of India's reciprocal tariff marks "an important and positive first step." "While the agreement's specifics are pending, today's announcement signals strong political will on both sides to move toward a comprehensive USIndia Bilateral Trade Agreement (BTA) that addresses tariffs, market access, non-tariff barriers, and other trade-related issues across a wide range of sectors," it said. A BTA between the two nations
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
Brokerages and industry bodies say easing US reciprocal tariffs to 18% will materially boost competitiveness and exports of Indian auto component makers, while gains for vehicle OEMs remain limited
India-US trade deal drew reactions from industry leaders, who welcomed the tariff cut, saying it will boost exports, create jobs, attract investment and support manufacturing growth
Indian markets rallied sharply after the India-US trade deal cut tariffs to 18%, but analysts warn the sustainability of the uptrend depends on earnings recovery and fresh long build-up
While the trade deal's details are still unknown, it removes a key overhang for companies led by Asia's two richest people, both of whom had been in American cross-hairs for much of last year
Analysts believe that the gems and jewellery related sector is likely to benefit from the India-US trade deal.
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
India's seafood exports to the United States are expected to recover, following months of declining shipments, after Washington agreed to cut tariffs to 18 per cent from 25 per cent, the Seafood Exporters Association of India (SEAI) said on Tuesday. 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, while value declined 6.3 per cent to USD 1.72 billion from USD 1.84 billion a year earlier, SEAI General Secretary K N Raghavan said. "The field has become level again, exports should get the boost," Raghavan told PTI. "We expect that with tariffs coming down to 18 per cent, we should get back to the previous levels." The decline came after the US imposed 50 per cent tariffs on Indian goods in August 2025 - the highest for any Asian country - including a 25 per cent penalty linked to India's purchase of Russian oil. During the period of elevated tariffs, Indian exporters were fulfilling existing contracts, but ne
The India-US trade deal adds meaningful momentum to India's growth ambitions and supports the country's ambition to be a globally competitive manufacturing and innovation hub, industry leaders said on Tuesday. Reacting to the trade agreement between the two countries, Mahindra Group CEO & Managing Director Anish Shah welcomed the development, terming it as "a significant step forward in strengthening bilateral trade and investment ties." "With the Indian economy on a strong growth trajectory, this deal adds meaningful momentum to India's growth ambitions," he noted. Shah further said, "The immediate reduction in reciprocal tariffs on Indian exports to 18 per cent, along with the commitment to progressively lower tariff and non-tariff barriers, will boost growth momentum and improve the predictability businesses need to invest with confidence." Expressing similar views, Aditya Birla Group Chairman Kumar Mangalam Birla said the reduced tariffs will help strengthen the strategic and .
Improved policy optics could encourage US enterprises to advance discretionary tech spending and GCC expansion, even though immediate revenue or margin acceleration for IT firms is unlikely.
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
With the "hanging sword" of trade uncertainty finally removed, market participants are pivoting toward export-heavy sectors poised to benefit from India-US trade deal