India-US trade deal unlocks unprecedented opportunities for farmers, MSMEs, entrepreneurs, and skilled workers: Piyush Goyal

India, US trade: India and the United States have finalized a significant trade agreement. This deal promises to boost opportunities for farmers, MSMEs, and entrepreneurs. It will facilitate technology transfer from the US to India, accelerating India’s journey towards Viksit Bharat 2047. The agreement also opens doors for ‘Make in India’ and ‘Design in India’ […]

India, US trade deal announcement: The US and India have reached a trade deal, with Washington reducing tariffs on Indian goods to 18%. This agreement is seen as a significant confidence-building measure after a year of strained relations. While hailed as a major victory, key details regarding energy imports and market access remain unclear.

US-India trade deal: Following the announcement of the India-US trade deal, which lowered tariffs on Indian imports to 18 per cent, US Congresswoman Sydney Kamlager-Dove on Monday (local time) urged the Trump administration to act swiftly to strengthen bilateral ties.

In an effort to support its economy, India is slashing import duties on marine products and footwear, seeking to counterbalance tariffs imposed by the US. Additionally, the government is extending the timelines for exporters in the leather and textile sectors, allowing for improved financial management and reduced uncertainties.

India’s Union Budget 2026-27 introduces a comprehensive customs overhaul, featuring duty relief for manufacturing and exports, and a single digital window for faster clearances. Measures aim to boost competitiveness in sectors like textiles and footwear, while rationalizing duties on strategic imports to enhance market access with the US.

India’s seafood exports are set to see more value-added products. A threefold increase in duty-free import limits for processing inputs will lower production costs. This move aims to boost competitiveness against rivals like Vietnam and Thailand. Value-added products currently form a small portion of India’s seafood exports. This change is expected to significantly improve that […]

Budget 2026-27’s customs duty rationalization is set to boost exports and domestic manufacturing by lowering costs for key sectors like clean energy and healthcare. Experts highlight the removal of basic customs duty on capital goods and strategic inputs, alongside increased duty-free import limits for seafood processing, as significant steps towards enhancing competitiveness and self-reliance.

India has not allocated funds for the Chabahar port project in its Union Budget. This move comes as the US has imposed sanctions on Iran. India has been a major partner in developing the port. The US had granted a waiver on sanctions for Chabahar, which ends soon. India is discussing the project with the […]

India’s ambitious USD 2 trillion export goal is now projected for around 2032. Global uncertainties and the impact of the Covid-19 pandemic have shifted the timeline from the initial 2030 target. Minister Piyush Goyal expressed confidence in achieving this milestone. Free trade agreements are expected to boost opportunities for domestic exporters, attracting investors through stability […]

India and the US are making significant progress on a bilateral trade agreement, with Commerce Minister Piyush Goyal expressing optimism for a swift conclusion and “good news” soon. Both nations are committed to finalizing the pact, with discussions also covering critical minerals and defense. Recent high-level meetings indicate a renewed push to seal the deal.