India’s trump card: Why the West hankers after Indian market

India’s burgeoning consumer market, set to become the world’s third-largest by 2026, is attracting Western nations eager for trade deals. A growing affluent class with rising disposable incomes fuels demand for premium goods. This positions India favorably in trade negotiations, leveraging its consumer base to secure access to global markets for its own exports, particularly […]

India and the US aim to finalize an interim trade agreement within 90 days, targeting a significant boost to bilateral trade, potentially doubling it to $500 billion by 2030. The US has paused tariffs on Indian goods until July 9 to facilitate negotiations.

India is eager to finalize trade agreements with the US, EU, and UK, showing a sense of urgency in negotiations. External Affairs Minister Jaishankar noted the US’s changed global engagement approach under President Trump, impacting technology. He also highlighted China’s advancements and their influence on global trade and technology, creating a significant shift in the […]

India has initiated consultations with the US under the WTO’s safeguard agreement due to American tariffs on steel and aluminium. The US imposed tariffs in 2018 and revised them in February, effective from March 12, 2025. India argues these are safeguard measures, not security measures, and that the US failed to notify the WTO Committee […]

India has proposed unlimited electric vehicle imports priced above GBP 80,000 from the UK to facilitate a free trade agreement. This is in exchange for a larger export quota of smaller EVs priced below GBP 40,000 from India to the UK. The proposal aims to benefit automakers in both countries and potentially influence trade discussions […]

Both Ministers acknowledged the historical, social, cultural and economic ties between India and UK and exchanged thoughts on the current global and geopolitical situation and also agreed to leverage the existing economic relationship through collaboration and cooperation as a shared priority.

The US has temporarily suspended additional tariffs on India for 90 days, until July 9, 2025, offering relief to Indian exporters. This decision provides a window for advancing bilateral trade agreement talks between India and the US. While a 10% baseline tariff remains, exporters are optimistic that diplomatic engagement will mitigate the impact.

India’s commerce ministry is identifying export opportunities arising from the US-China trade war. A 90-day pause in reciprocal tariffs gives Indian exporters time to share added costs with buyers. With the US imposing steep tariffs on China, Indian sectors like textiles, footwear, and food see potential to gain market share. However, Chinese competition in non-US […]

India and Russia have agreed on six new strategic projects to boost bilateral investment during the 8th India-Russia Working Group session in New Delhi. Officials reaffirmed economic cooperation and reviewed past outcomes. Over 80 firms joined the India-Russia Investment Forum, highlighting strong business interest. Both sides committed to deepening their long-standing “Special and Privileged Strategic […]

The UK and India have agreed on the majority of their free trade agreement, covering critical sectors and easing visa tensions. With only a handful of issues left unresolved—such as tariffs on whisky, cars, and pharmaceuticals—both governments are optimistic. Talks also include a parallel investment treaty aimed at safeguarding financial services. Officials say political-level discussions […]