Compared to China, India now enjoys significantly lower tariffs, with tariffs levied on Beijing at 34 per cent
Commerce and Industry Minister Piyush Goyal on Tuesday said the India-US trade agreement will open up huge opportunities for domestic farmers, MSMEs, entrepreneurs, and skilled workers and promote Make in India initiative. 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. Goyal said it will help India get technology from the US. "This agreement unlocks unprecedented opportunities for farmers, MSMEs, entrepreneurs, and skilled workers to Make in India for the world, Design in India for the world, and Innovate in India for the world," Goyal said in a post on social media. He added that the development reflects the power of two like-minded, fair-trading democracies working together for shared prosperity. "Both India and US are natural allies and our partnership will co-create
The India-US trade deal slashing tariffs to 18 per cent is seen triggering a risk-on rally, attracting FII inflows, stabilising the rupee, and boosting export-led sectors, say analysts.
Trump said India stopped purchasing Russian crude, a move he linked directly to the agreement between the two countries.
However, the secretary did not put a timeline on the finalisation of the deal, nor did he put a number on the level of convergence achieved by both sides
PM Modi said the Union Budget, aligned with recent trade deals, provides unprecedented support to MSMEs, sunrise sectors, infrastructure, laying the foundation for jobs, growth, Viksit Bharat by 2047
The India-EU trade deal boosts exports, jobs and farmers' income, and allows Indian professionals to work in the EU. Here are key FAQs on farming, services and mobility
Look to use India's manufacturing cost advantage as carmakers from China have gained market share in EU in recent years
It will signal to the world that India is serious about being open for business
To double apparel exports to Europe from $5.5 billion to over $11 billion in five years
Indian auto component makers cheer the India-EU trade deal, while luxury car brands see long-term demand boost as import duties ease, even as local automakers' stocks slip
India and the European Union (EU) on Tuesday (January 27, 2026) announced the conclusion and finalisation of negotiations for a free trade agreement.
Modi said people are discussing it as a "mother of all deals", and this agreement has brought a lot of opportunities for 140 crore Indians and crores of Europeans
India and Russia are moving confidently to achieve a target of USD 100 billion in bilateral trade by 2030 and steps are being taken to expand the trade basket, Ambassador Vinay Kumar said on Monday. "The past year has been particularly active. We had a very successful visit of President (Vladimir) Putin. Achieving the bilateral trade target of USD 100 billion by 2030 is eminently possible," Ambassador Kumar said while talking to PTI on India's 77th Republic Day. "Steps are being taken, including identification of new items, and a free trade agreement will facilitate the achievement of this target," he added, noting that trade has increased with new opportunities in fertilisers, agriculture and engineering. According to reports, in FY 202425, India-Russia bilateral trade reached a record high of approximately USD 68.7 billion due to massive import of Russian crude. "More of the trade is being conducted already in the national currencies and this trend will continue as we further dee
Trade deal with US could reverse the fortune of the Indian currency
India's textile and apparel industry expects the India-EU trade deal to boost exports, help Tiruppur overtake Bangladesh in Europe and revive growth after tariff-led losses
India plans a sharp cut in car import tariffs for EU automakers, signalling its biggest market opening yet as New Delhi and Brussels near a landmark free trade pact
Ahead of the India-EU Summit on January 27, External Affairs Minister S Jaishankar met EU ambassadors and pitched stronger trade, mobility and security ties to help stabilise a volatile global order
US Senator Steve Daines urged faster India-US trade talks, pressing for greater market access for American pulses, a long-standing and sensitive issue for New Delhi
Heavy importer demand and maturing NDF positions pushed the rupee to its steepest one-day fall in two months, even as RBI dollar sales capped deeper losses