Page 2 - Us India Relations

No trade deal at cost of farmers, workers' welfare, says Piyush Goyal

India will not agree to any trade deal that harms farmers, dairy or workers, Piyush Goyal said, adding that new fish export markets like Russia are being explored

Stock market highlights: Sensex ends 336pts up in volatile session; Nifty at 25,695; IT shares shine

Stock Market Close Highlights, Nov 11: BSE Sensex recovered 747.29 points from day's low of 83,124.03, to end at 83,871.32 levels, up 335.97 points or 0.40 per cent.

India cuts Russian crude oil buys for December amid Trump tariffs

India's reduced Russian oil orders come after the US raised tariffs on Indian imports to 50% and imposed sanctions on Russian oil giants Rosneft and Lukoil

India to be 3rd-largest economy by 2028; equities remain pricey: UBS

From a stock market perspective, however, UBS remains underweight on Indian equities as valuations in their view still look expensive relative to the ordinary fundamental performance of companies.

Trump says US close to finalising India trade deal, hints at tariff cuts

US President made the comments while administering oath of office to Sergio Gor as the new US Ambassador to India, and indicated progress in ongoing trade talks, suggesting tariff cuts could follow

Centre monitoring US Supreme Court case against Donald Trump tariffs

Indian officials and experts are monitoring the US Supreme Court case challenging Donald Trump's tariff powers, assessing how the verdict may affect the proposed India-US trade agreement

Don't bet on the court: Tough US trade policy shifts are here to stay

Trump has used the decades-old emergency authorisation to effectively overturn America's longstanding trade policy

US President Donald Trump hints at possible India visit next year

Will let you know when there is something to share on this, says MEA

US Prez Trump likely to visit India next year, calls PM Modi a 'great man'

Trump's remarks come at a time when New Delhi and Washington have been trying to secure a trade deal after bilateral ties soured over Trump's 50 per cent tariffs on India

India, US working to resolve sensitivities in trade pact talks, says Goyal

Commerce and Industry Minister Piyush Goyal on Wednesday said India and the US are holding continuous discussions for the proposed bilateral trade agreement. "Talks are going well...and are continuously going on. ..kaee samvedanasheel mudde hai, kaee gambheer mudde hai, toh svaabhaavik hai ki thoda samay lagega (There are many sensitive issues, many serious issues, so it is natural that it will take some time)," he told reporters here. He was replying to a question about the progress on India-US negotiations on the pact. Goyal is here on a four-day official visit. He is leading a business delegation. Five rounds of talks have been completed so far for the first phase of the bilateral trade agreement between the US and India. A team of Indian officials, headed by Commerce Secretary Rajesh Agrawal, was in Washington last month to hold trade talks with their US counterparts. The three-day talks ended on October 17. In February this year, leaders of India and the US directed official

Trump feels very positive about future of India-US ties: White House

US President Donald Trump feels "very positive and strongly" about the future of India-US relationship, White House Press Secretary Karoline Leavitt has said. I think he feels very positive and strongly about it. As you know, he recently, a few weeks back, spoke to Prime Minister (Narendra Modi) directly when he celebrated Diwali in the Oval Office with many high-ranking Indian-American officials at the White House, Leavitt said on Tuesday during a press briefing in response to a question about the future of India-US ties. She also said that in Sergio Gor, the US has a great Ambassador to India who will represent Washington very well. The president and his trade team continue to be in very serious discussions with India with respect to that topic. So I know the president has great respect for Prime Minister Modi, and they speak pretty frequently, she said. Last month, Trump hosted a Diwali celebration in the Oval Office that was attended by Indian Ambassador to the US Vinay Kwatra

India, US hold key defence talks in Hawaii to boost military ties

Earlier this week, Defence Minister Rajnath Singh and US Secretary of War Pete Hegseth met in Kuala Lumpur, where both countries formalised a ten-year Defence Framework Agreement

Trump, Modi speak frequently as trade talks continue, says White House

Trump said last week in South Korea that he wanted to reach a trade deal with India, signalling a thaw in relations that soured to their lowest point in decades

Stock Market Highlights: D-St at 2-wk low; Nifty below 25,600; Sensex down 519 pts; Metal, IT drag

Sensex today | Stock market highlights, November 4: Nifty Midcap 100 index closed 0.42 per cent lower, while Nifty SmallCap 100 index settled 0.82 per cent lower

Congress warns US outsourcing tax bill HIRE could hit Indian economy

The Congress on Tuesday said a bill introduced in the US Senate proposing a 25 per cent tax on any American person making an outsourcing payment will "light a fire in the Indian economy" if it becomes a reality. The opposition party said the bill reflects a growing mindset in the US that while blue-collar jobs were "lost" to China, white-collar jobs should not be "lost to India." Congress general secretary in-charge communications Jairam Ramesh made the remarks, referring to the Halting International Relocation of Employment Act, or HIRE Act Bill, introduced on October 6 by Senator Bernie Moreno of Ohio. The bill has been referred to the Senate Committee on Finance, he said on X. The bill proposes a 25 per cent tax on any US person making an outsourcing payment, defined as "any money paid by a US company or taxpayer to a foreign person whose work benefits consumers in the United States," he said. The bill has a direct and deep impact on India's IT services, BPO, consulting and GCC

Tariff impact: Gems & jewellery shipments to US hardest hit in September

The US accounts for 37 per cent of India's total exports of precious stones and 28 per cent shipments of gold jewellery

After the Chabahar exemption, India must push for a trade deal with the US

The pause of the export restrictions on rare earths and magnets will be a particular relief to many places, including the European Union and India, which had been caught in the crossfire

India's exports to US decline 37.5% during May-September 2025: GTRI

India's exports to the US have dipped 37.5 per cent during May-September 2025 from USD 8.8 billion in May to USD 5.5 billion in September, think tank GTRI said on Sunday. It said that exports of pharmaceuticals, smartphones, metals and auto have declined during the period. Pharmaceutical product exports dipped 15.7 per cent from USD 745.6 million in May to USD 628.3 million in September. Industrial metals and auto parts facing uniform tariffs for all countries saw a modest 16.7 per cent drop, from USD 0.6 billion to USD 0.5 billion. Aluminium exports fell 37 per cent , copper 25 per cent, auto parts 12 per cent, and iron-steel 8 per cent, GTRI Founder Ajay Srivastava said, adding that with similar duties on global suppliers, the dip likely reflects softer U.S. industrial activity rather than lost competitiveness. He added that labour-intensive sectors such as textiles, gems and jewellery, chemicals, agri-foods, and machinery endured a 33 per cent decline, from USD 4.8 billion to US

India and US sign 10-year defence agreement amid tariff turmoil

Defence Minister Rajnath Singh signed the framework for bilateral defence cooperation over the next decade with US Secretary of War Pete Hegseth

'A new chapter begins': India, US sign 10-year defence framework pact

On the sidelines of the Asean Defence Ministers' Meeting, Rajnath Singh and Pete Hegseth held talks to boost defence collaboration and strengthen strategic partnership between India and the US