New Delhi, Feb 7 (IANS) Although full details are yet to emerge, the interim India-US trade deal framework indicates that India has received ‘best deal’ from the United States compared to others, including all its neighbours.The trade deal unlocks the power of two large democracies working together for the shared prosperity of their people, giving unprecedented opportunities for farmers, MSMEs, entrepreneurs, and skilled workers.The uniform 18 per cent rate gives India an edge over several c…
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New Delhi, Feb 7 (IANS) India has safeguarded the sensitivities of its agriculture and animal husbandry sectors in the interim US trade deal, Finance Minister Nirmala Sitharaman said on Saturday.As part of the interim trade deal framework, the US will slash reciprocal tariffs on Indian goods to 18 per cent, providing a huge market opportunity in key sectors such as textiles and apparel, leather and footwear, plastic and rubber products, organic chemicals, home decor, artisanal products, and sele…
New Delhi, Feb 7 (IANS) The India-EU Free Trade Agreement (FTA) eliminates duties and places Indian shipments on a level-playing field with key competitors such as Bangladesh and Vietnam, among other preferential trade partners, according to a new report.The agreement is expected to bring down EU import duties on Indian textiles to zero, addressing a longstanding tariff disadvantage that had limited India’s competitiveness in the region. The ICRA report notes that preferential access and lower…
New Delhi, Feb 7 (IANS) The trade agreement will help India and the US remain focussed on working together to further deepen economic cooperation, reflecting shared commitment to sustainable growth for our people and businesses, Commerce and Industry Minister Piyush Goyal said on Saturday.India has reached a framework for an Interim Agreement with the US.“This will open a $30 trillion market for Indian exporters, especially MSMEs, farmers and fishermen. The increase in exports will create lakh…
New Delhi, Feb 7 (IANS) As the United States and India finalised an interim trade agreement that reduces US tariffs on Indian goods to 18 per cent, Prime Minister Narendra Modi on Saturday hailed the development, calling it ‘great news’ for both nations. Taking to social media platform X, PM Modi said, “Great news for India and USA! We have agreed on a framework for an Interim Trade Agreement between our two great nations. I thank President Trump for his personal commitment to robust ties betw…
Washington, Feb 7 (IANS) India gained tariff relief, better market access, and a stronger competitive position in the United States under a new interim trade framework announced by Washington and New Delhi.The two countries said they have reached a framework for an Interim Agreement on “reciprocal and mutually beneficial trade.” The move keeps talks on track for a full US-India Bilateral Trade Agreement, launched by President Donald Trump and Prime Minister Narendra Modi last February.Both s…
Gandhinagar, Feb 6 (IANS) The Free Trade Agreement (FTA) concluded between India and the European Union is expected to significantly expand export opportunities for Gujarat, particularly its southern region, by providing wide-ranging duty-free and preferential access to one of the world’s largest import markets. The agreement marks a major step in India’s efforts to deepen its global trade engagement while strengthening export-led industrial growth across key sectors.India’s exports to the…
Jaipur, Feb 4 (IANS) Rajasthan Chief Minister Bhajanlal Sharma on Wednesday said the newly-signed trade agreement between India and the United States will be a “game changer” for the state’s economy.CM Sharma said Rajasthan is expected to reap “immense benefits” from the newly signed trade agreement between India and the United States.Expressing optimism over the agreement reached under the leadership of Prime Minister Narendra Modi, the Chief Minister said the deal reflects growing global confi…
New Delhi, Feb 4 (IANS) History shows trade announcements by US President Donald Trump often evolve through revisions and reinterpretations, a report has said, adding that the Indian government has neither confirmed stopping purchase of Russian oil, nor mentioned tariff reduction against the US to zero.The report from JM Financial Institutional Securities also noted that the Indian government has not specified a timeline for buying $500 billion of US energy, technology, agriculture, coal and oth…
New Delhi, Feb 4 (IANS) The Union Budget 2026–27 prioritised durable growth, fiscal prudence and execution certainty over short‑term market appeasement, a report said on Wednesday.The report from PL Wealth, the wealth management arm of PL Capital, said the medium‑term outlook remains constructive for infrastructure, capital goods, defence, logistics, manufacturing and select export‑oriented sectors such as engineering goods, textiles and gems and jewellery.The equities may see near‑ter…