Can Trump’s tariffs make India’s economy stronger? Former RBI deputy Governor Viral Acharya thinks so

US tariffs threats by Trump are pushing India to lower trade barriers, spurring competition and growth. Modi sees it as a big opportunity for businesses. Ex-RBI Deputy Governor Viral Acharya expects Indian firms to innovate and improve efficiency. Gradual tariff reductions will boost investments and transformation, leading to higher quality jobs and a larger manufacturing […]

The European Union’s stringent environmental regulations pose significant challenges in the ongoing free trade agreement negotiations with India. Issues such as the Carbon Border Adjustment Mechanism and privacy data protection laws could impose additional costs on Indian exports, despite efforts for exemptions or compensatory measures.

India and the European Union will commence their tenth round of negotiations for a proposed free trade agreement in Brussels. Key issues such as agricultural tariffs, auto import duties, and regulatory barriers will be the focus, with hopes to finalize the deal by the end of the year.

Italian Agriculture Minister Francesco Lollobrigida has called for stronger trade ties with India during the ‘Vinitaly’ trade promotion fair in New Delhi. Highlighting a robust relationship between the governments, he emphasized mutual exports and renewing trade relations.

India is assessing its import basket to create a customized lower tariff structure for the US, considering sectors like agriculture and automobiles. Negotiations for a bilateral trade agreement are advancing, with an emphasis on reducing tariffs and deepening supply chain integration. Experts urge caution, particularly regarding agriculture and technology-led manufacturing, to protect sensitive sectors.

Fareed Zakaria suggests that a special trade deal between India and the US could benefit India by reducing tariffs, leading to increased efficiency, productivity, and growth. He emphasizes the importance of India integrating into the global economy through broader deregulation and investing in futuristic technologies with western partners.

Negotiations for an India-US trade deal have begun, with tariff discussions underway. President Trump hinted at significant tariff reductions by India, but Indian officials emphasized that discussions are ongoing and details are yet to be finalized. Both countries aim to strengthen bilateral trade and reduce barriers.

India and the US have begun negotiations on a Bilateral Trade Agreement to be completed by autumn 2025. Discussions focus on reducing tariffs and other trade-related issues, with emphasis on market access and supply chain integration. The Indian side has cautioned that it is premature to discuss specifics.

US commerce secretary Howard Lutnick urged India to open up its agriculture sector for trade. Lutnick discussed a potential bilateral deal between India and the US, highlighting that a trade agreement would benefit both countries. He also addressed the need for India to reduce reliance on Russian military equipment and improve its relationship with the […]