India US Trade
Latest news, explainers and analysis on India US Trade. Tracking 8 stories on Arth Vani.
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Latest on India US Trade
BreakingFM Sitharaman Hopes for Swift India-US Trade Deal, Pushes Rupee Trade
Finance Minister Nirmala Sitharaman expressed strong optimism for a quick conclusion of the India-US trade agreement. She also highlighted trade challenges with China due to non-tariff barriers and advocated for rupee-denominated trade settlements to assist nations facing hard currency shortages.
BreakingIndia-US Trade Pact Nears Final Stage of Legal Drafting, Set for Soon Operation
India and the United States are in the final stages of legally drafting a crucial trade agreement, expected to become operational shortly. Union Minister Piyush Goyal confirmed the pact aims to secure preferential market access for Indian exporters and ensure tariff stability. The agreement follows extensive discussions with US trade representatives, with officials working to resolve any remaining issues before signing.
India-US FTA Failure Could Negatively Impact Economy, Says RBI Governor
The Reserve Bank of India (RBI) Governor stated that a failure to finalize the Free Trade Agreement (FTA) with the United States would 'obviously have some negative impact' on the Indian economy. However, India is actively diversifying its export markets through other recently concluded trade agreements to mitigate such risks.
BreakingIndia-US Trade Pact 'Done and Dusted,' Execution Awaits India's Competitive Edge: Goyal
Commerce and Industry Minister Piyush Goyal announced that the India-US bilateral trade agreement is largely complete. The formal execution of the pact, however, will proceed only when India is assured of gaining a competitive advantage, emphasizing a strategic approach to international trade negotiations.
US Sanctions Bill Threatens India's Oil Import Bill; Trade Deal Becomes Critical
A proposed US sanctions bill could disrupt India's crude oil supply chain, potentially leading to a higher import bill and a weaker Rupee. Economists warn that securing a formal India-US trade deal is now vital to protect the country's energy security and economic stability.
India, US Nearing Interim Trade Agreement Finalisation After June Discussions
India and the United States are actively working towards finalizing an interim trade agreement, with significant progress already achieved. The Ministry of External Affairs confirmed that discussions were held in June, and both nations are diligently resolving the remaining issues to conclude the bilateral accord.
Rupee Gains 20 Paise to ₹94.20 Against US Dollar as Trade Talk Hopes Rise
The Indian rupee strengthened by 20 paise on Friday, reaching ₹94.20 against the US dollar amid progress in India-US trade negotiations. This slight appreciation is supported by steady foreign investment and favorable global oil prices.
India Urges US to Reconsider Proposed 12.5% Import Tariffs
India has formally requested the United States to withdraw its proposed additional 12.5% tariffs on Indian exports. New Delhi argues that these tariffs lack a proper legal foundation and sufficient evidence to justify their imposition. The US is currently investigating several economies, including India, over concerns regarding forced labor import policies.
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