India-US trade relations
India-US Bilateral Trade Agreement Expected to Finalize First Phase by End of 2025
Nov 28, 2025 09:58 pm CST
Commerce Secretary Rajesh Agarwal expressed optimism that India and the United States will complete the first portion of their bilateral trade agreement within this calendar year, despite recent tariff challenges. The negotiations are proceeding on dual tracks: a comprehensive Bilateral Trade Agreement and a Framework Trade Deal to address immediate tariff issues, with the ultimate goal of increasing bilateral trade from $191 billion to $500 billion by 2030.
India-US Bilateral Trade Agreement Nears Completion: Set to Address 50% Tariffs and Boost Trade Relations
Nov 18, 2025 02:19 am CST
The first phase of the India-US bilateral trade agreement is nearing completion, designed to address the 50% tariffs imposed by the Trump administration while resolving market access issues. The deal aims to more than double bilateral trade to $500 billion by 2030 from the current $191 billion, with both countries working to balance their trade relationship despite current tensions over India's Russian oil purchases.
India Launches Rs 25,060 Crore Export Promotion Mission to Counter US Tariffs and Boost Global Trade Competitiveness
Nov 13, 2025 02:46 am CST
India has approved a comprehensive Export Promotion Mission worth Rs 25,060 crore to support exporters affected by US tariffs and strengthen international trade competitiveness. The six-year initiative, implemented through Niryat Protsahan and Niryat Disha sub-schemes, aims to provide financial assistance to key sectors like textiles, leather, and gems while addressing structural trade challenges facing Indian exporters, particularly MSMEs.