BS EDIT: India’s Trade Strategy in an Uncertain Global Order

By Business StandardPublished On Jun 26, 2025

US Tariffs Are Coming Back

The 90-day pause in US tariffs ends on July 8. Despite promises, only one trade deal has been finalised. The baseline 10% tariff stays, with more trade disruption likely

India Must Stay Engaged

India needs to push for a favourable US deal while deepening ties with other trade-friendly partners. Agreements with the UK, UAE, and Australia are steps forward, but not enough

EU Deal Is Crucial

India’s ongoing negotiations with the European Union hold the greatest potential. Meeting the year-end deadline set by the Prime Minister is essential for securing mutual economic

Look East for Integration

Stronger engagement with Asean and East Asia is key to boosting manufacturing. Dismissing these partners undermines India’s effort to enter global value chains

Explore CPTPP Membership

Joining the CPTPP would link India with major investors like Japan and Korea. It would also push needed domestic reforms and make Indian exports more competitive

Show Direction, Not Hesitation

In a fragmented trade landscape, India must clearly commit to openness, reform, and global integration. The time for strategic clarity is now