Senior government officials expressed satisfaction with the India-US trade deal, noting its positive impact on global economic stability and the Indian industry. Secretary Anuradha Thakur, speaking at FICCI’s conference on Union Budget 2026–27, highlighted the deal’s role in removing uncertainty and strengthening the Indian economy amidst global challenges. She emphasized India’s resilience in the face of geopolitical complexities, attributing it to strong macroeconomic fundamentals and prudent fiscal policies. Thakur underscored the importance of consistent economic management for sustaining growth and attracting investments.
Secretary M Nagaraju, at the same event, lauded the trade deal for bringing clarity to the global economic landscape and described it as a significant positive development. He urged industry leaders to maintain optimism, citing government initiatives to mitigate the impact of previous tariff hikes. Nagaraju mentioned a credit guarantee scheme benefiting exporters, with over 4,000 approved loan applications and Rs 1,500 crore disbursed to support affected sectors. With tariffs reduced to 18%, he highlighted a newfound sense of relief and certainty for businesses.
The India–US trade deal, finalized after extensive negotiations and discussions, saw a reduction in tariffs on Indian exports to the US from 25% to 18%. However, certain aspects of the agreement, such as agriculture, Russian oil purchases by India, and the services sector, are still under negotiation. Of particular concern are US immigration policies that could impact Indian professionals, adding complexity to the deal’s implications.
