BUSINESS
A line on non-tariff barriers in the India-US trade framework is causing unease
Some experts say references to non-tariff barriers in trade agreements are common, but the US has long cited India’s restrictions on genetically modified food imports as a significant barrier.
BUSINESS
American wines, motorcycles, medical devices gain from India-US interim trade pact
Under the framework, India will eliminate or cut tariffs on all US industrial goods and a broad basket of American agricultural products, including dried distillers’ grains (DDGs), red sorghum for animal feed, tree nuts, fresh and processed fruits, soybean oil, wine and spirits and additional items.
BUSINESS
Half of India’s exports to US could turn duty-free under interim trade deal
Around $14 billion additional exports may get zero-duty access as reciprocal tariffs ease further
BUSINESS
Section 232 carve-outs could ease tariffs on about $5 billion of Indian exports to US
In 2024, more than $8 billion worth of Indian exports were subject to Section 232 tariffs, which range between 25% and 50% depending on product categories. Nearly $4 billion of this exposure came from automobiles and auto components
BUSINESS
Harley-Davidson motorcycles to enter India duty-free under interim US agreement
India-US Trade Deal: Under the interim agreement, India will reduce duties on high-end American cars, but no tariff concessions have been extended to electric vehicles.
BUSINESS
50%, 25% or 18%? What tariff applies to Indian goods today
The US imposed a 50% tariff on Indian goods in August, comprising a 25% reciprocal tariff and an ad valorem duty of 25% linked to India’s imports of Russian oil. That ad valorem levy was removed on February 6
BUSINESS
Tariff cuts on pharma, gems, and aircraft parts in India-US interim trade deal
The framework, announced jointly by the two sides on February 7, outlines commitments for an interim deal lowering reciprocal tariffs on Indian exports to 18 percent.
BUSINESS
India may go slow on full digital rupee rollout, track global cues
India is monitoring developments in the United Kingdom and parts of Europe and could either wait for other major economies to launch first or align its rollout with them
BUSINESS
Energy, aviation sectors to lead US imports to India under $500-billion plan
The $500-billion figure entered the discussion after President Donald Trump on February 2 said India had committed to investments of that scale in the US. New Delhi later clarified that as an estimate of cumulative purchases and investments spread over a five-year period
BUSINESS
India, Gulf Cooperation Council sign terms of reference for trade deal
The ToR sets out the framework, scope and guiding principles for the negotiations, paving the way for formal talks on a trade agreement.
BUSINESS
India–US first tranche trade deal eyed by mid-March; tariffs may drop next week, says Goyal
The reduction in reciprocal tariffs will be implemented after the US issues an executive order once both sides finalise the joint statement by next week, Commerce Minister said.
BUSINESS
How de-linking Saudi investment talks fast-tracked India‑Gulf trade deal
India is moving forward with the Terms of Reference (ToR) for a trade pact with the the Gulf Cooperation Council, set for signing on February 5.
BUSINESS
India-US trade pact likely has safeguards to keep lower tariffs intact, sources say
The need for safeguards is reinforced by President Donald Trump’s recent actions, including raising or threatening tariffs on certain countries, despite trade deals.
BUSINESS
Bond market borrowings may stay elevated next couple of years on repayments, says DEA Secretary
Tools such as OMOs, buybacks, and switches will be used to manage bond market borrowings in FY27, Thakur said.
BUSINESS
Private sector responding to govt's capex push in electronics, autos, cement, steel, says DEA secretary Thakur
The government is confident of meeting its capital expenditure target for FY27, supported by diversification across sectors and higher infrastructure loans to states, Anuradha Thakur tells Moneycontrol
BUSINESS
India to continue exporting eggs, honey, aquaculture goods to EU despite tighter norms
Milk and poultry products will be allowed under conditional provisions.
BUSINESS
Govt sets up panel to analyse net FDI inflows amid subdued numbers
Thakur pointed to pharmaceuticals as a sector where both domestic investment and foreign inflows could pick up, possibly as early as the next financial year.
BANKING
Won't be surprised if RBI hold rates steady for some time as inflation stays low: Economic Affairs Secretary
The central bank has cut the repo rate by a cumulative 125 basis points since last February.
BUSINESS
Trump announcement a framework pact; joint statement on the details in next 2-3 days
India-US trade deal: On the zero duty, the official said that in many cases, India's exports will also be subjected to zero duty.
BUSINESS
India-US trade deal eases uncertainty, positive for markets, growth: DEA Secretary Thakur
Clarity on the India-US trade front could help improve sentiment, particularly among FPIs, the DEA secretary said
INDIA
India likely to keep sensitive agriculture goods, dairy protected in US trade deal, govt source says
The stance is in line with the country's long-standing approach to trade talks, under which sensitive farm and dairy products have been kept out
BUSINESS
$48.2 billion of Indian exports to get tariff relief under US trade deal
Textile exports worth nearly $11 billion and gems and jewellery shipments of almost $10 billion are expected to benefit substantially from the tariff reduction.
BUSINESS
India wraps up 5 major trade deals in 12 months, US being latest
Closely preceding the US pact was the India–European Union trade deal, finalised on January 27 of this year, after nearly two decades of negotiations.
BUSINESS
Customs duty changes in Budget part of ongoing reforms, not linked to US tariffs, says FM Sitharaman
The finance minister also said the government did not assess the potential impact of US tariff actions while framing Budget proposals.
