Page 46 - Us India Relations

India's exports to US increase 39% to $8.44 bn in January: Govt data

India's exports to the US rose by 39 per cent year-on-year to USD 8.44 billion in January, while imports grew by 33.46 per cent to USD 3.57 billion, according to the commerce ministry data. Cumulatively, the country's exports to the US during April-January grew by 8.95 per cent to USD 68.46 billion against USD 62.84 billion in the same period previous fiscal, the data showed. During 2021-24, America was the largest trading partner of India. The US is one of the few countries with which India has a trade surplus. In 2023-24, the US was the largest trading partner of India with USD 119.71 billion bilateral trade in goods (USD 77.51 billion worth of exports, USD 42.19 billion of imports and USD 35.31 billion trade surplus). The increasing trade assumes significance as the two countries are aiming at USD 500 billion two-way commerce by 2030 and a trade agreement.

Govt plans more tariff changes to curb US President Trump's trade threats

Weeks after she unveiled sweeping cuts to duties on imports from textiles to motorcycles, India's finance minister said that she will carry on the process of reforming the nation's tariff regime

PM Modi, Trump meet reaffirms strength of US-India partnership: USISPF

USISPF noted that PM Modi is the fourth world leader that Trump met in his first month in office, which showcases the importance and heft of the bilateral relationship

Highlights: Congress demands resignation of Ashwini Vaishnaw over deadly stampede at NDLS

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Announcement on India-US trade pact has lifted business confidence: Goyal

Both countries will hold talks to increase market access, reduce tariff and non-tariff barriers, and deepen supply chain integration

BJP targets Cong after US cancels programme for 'voter turnout' in India

The BJP on Sunday claimed that a US-funded programme, now cancelled, linked to voter turnout in India is a pointer to the previous Congress-led UPA government allegedly enabling infiltration of Indian institutions by forces opposed to the country's interests. BJP's IT department head Amit Malviya said on X, "It is becoming increasingly evident that the Congress-led UPA systematically enabled the infiltration of India's institutions by forces opposed to the nation's interests - those who seek to weaken India at every opportunity." Once again, he alleged, it is the billionaire US-based investor George Soros, a "known associate" of the Congress party and the Gandhis, whose shadow looms over our electoral process. Malviya said the Election Commission in 2012 had signed an MoU with The International Foundation for Electoral Systems' an organisation linked to Soros' Open Society Foundation, which is primarily funded by USAID. In a swipe at the Congress, he said those questioning the ...

India-US TRUST, IMEC to drive economic, infra cooperation: Experts

India-US TRUST (Transforming Relationship Utilizing Strategic Technology) will pave the way for economic and technological cooperation between the two countries, while focus on the IMEC framework will deepen collaboration in infrastructure and economic corridors, according to industry experts. Prime Minister Narendra Modi and US President Donald Trump have agreed on the TRUST initiative, to emphasise on creating strong supply chains of critical minerals, advanced materials, and pharmaceuticals. As per a joint statement issued after the Trump-Modi meeting in Washington, both countries have decided to launch a recovery and processing initiative for strategic minerals such as lithium and rare earth. The two sides will also work together on economic corridors and connectivity infrastructure under the IMEC (India-Middle East-Europe Economic Corridor) and I2U2 frameworks. "TRUST initiative on critical minerals and advanced materials marks a significant step toward economic and technologi

Announcement of India-US trade agreement has boosted biz confidence: Goyal

The announcement to negotiate a bilateral trade agreement between India and the US has boosted business confidence in both countries, as it can help further strengthen economic ties by leveraging their competitive strengths, Commerce and Industry Minister Piyush Goyal said on Sunday. During the recent visit of Prime Minister Narendra Modi to Washington, India and the US announced to more than double the two-way commerce to USD 500 billion by 2030 and negotiate the first tranche of a mutually beneficial, multi-sector bilateral trade agreement (BTA) by fall of 2025. "The Prime Minister has brought back with him an agreement or an understanding to enter into a trade deal by fall of this year. I think, it gives a lot of confidence and a lot of relief to every business person in the US and in India who believe that together, we can truly transform world trade, together with our competitive strengths in different areas, we can truly work as two friends, as two partners for progress and ...

Indian Americans hail PM Modi's visit to US, constructive talks with Trump

The diaspora members not only welcomed the constructive dialogue between the two leaders but also saw significant potential for collaboration on global challenges

Did PM raise deportations issue behind closed doors, asks Shashi Tharoor

He further questioned why the issue of illegal immigrants was not addressed and whether Prime Minister Modi raised the issue behind closed doors

PM Modi's US visit to strengthen bilateral trade, investment ties: CII

Prime Minister Narendra Modi's visit to the US is a major milestone that will strengthen bilateral trade, investment, defence, and technology partnerships, industry body CII said on Saturday. Welcoming the recently concluded visit, the Confederation of Indian Industry (CII) said it eyes stronger trade and tech ties. CII noted that the wide-ranging joint statement and initiatives announced during the visit under the framework of US-India COMPACT have set a clear forward-looking agenda for India-US relations, creating new opportunities for Indian industry and economic growth. "A new chapter has been added to the India-US partnership, enabling much stronger collaboration in strategic sectors including defence, energy, semiconductors, space and emerging technologies like artificial intelligence (AI), quantum computing, advanced materials, and biotechnology. "This creates an environment for the private sector on both sides to flourish in true partnership. The visit is especially ...

F-35 for India? Pakistan fumes as Trump announces fighter jet deal

Pakistan has urged the global community to assess regional security risks, warning that it could disrupt the military balance and stability in South Asia

$500 bn trade target with US to help boost India's exports: Exporters

A target to take bilateral trade to USD 500 billion by 2030 and plans to negotiate a bilateral trade agreement will help India boost its exports to the US, exporters say. The focus on technology, defence, and green energy will particularly benefit India's export sectors and enhance global competitiveness, exporters said. Federation of Indian Export Organisations (FIEO) President Ashwani Kumar underscored the importance of enhancing bilateral trade by eliminating barriers and streamlining processes. International trade expert and Hi-Tech Gears Chairman Deep Kapuria said that the USD 500 billion bilateral trade target is an important outcome of Prime Minister Narendra Modi's high-level visit to Washington. "Since India has surplus in trade with the US, it would bring significant gains to India in terms of enhanced export to the world's largest economy. What is important here is that the two leaders have agreed to negotiate the first tranche of a mutually beneficial multi-sector ...

Asia-Pacific example of peace, not arena for geopolitical games: China

China's Foreign Ministry spokesperson Guo Jiakun criticised the move from US President Donald Trump's administration paving the way to provide India with F35 stealth fighters

US to deport 119 more Indians as Trump's immigration crackdown continues

This is the second round of deportations, following last week's repatriation of 104 illegal Indian migrants who were also flown back in a US military transport aircraft

PM Modi arrives in Delhi after concluding 'successful' visit to France, US

During his visit, PM Modi co-chaired AI summit in France and in the US, he also met Donald Trump - the first meeting of the two leaders after Donald Trump assumed charge as the 47th US President

New 10-year agreement seeks to deepen India-US defence strategic ties

Foreign Secretary Vikram Misri told reporters that no formal process of India "acquiring an advanced aviation platform" has started yet

After Donald Trump meet, India confident US will be 'softer on us'

The joint statement said India will "soon" open new consulates in Los Angeles and Boston

Natural gas, nuclear energy get renewed push from Trump-Modi trade talks

In a joint statement, PM Narendra Modi and US President Donald Trump reaffirmed their commitment to increase energy trade

Trump's reciprocal tariffs: A US gamble that could disrupt global trade

India could reduce its tariffs to zero on these products in exchange for the U.S. doing the same, which would be an immediate benefit for India