India-US trade deal to help stabilise rupee, boost FDI inflows: Report

February 3, 2026 12:35 PM

India-US trade deal to help stabilise rupee, boost FDI inflows: Report

The India-US trade deal should help narrow the current account deficit, stabilise the rupee, and reduce India’s vulnerability to global shocks over time, a report showed on Tuesday. The US has decided to reduce the reciprocal tariff on Indian goods to 18 per cent from the earlier 50 per cent. The trade deal is structurally positive for India’s medium-term growth and external stability. Improved market access and tariff certainty are likely to boost exports, support manufacturing investment...

Engineering goods, textiles, leather among sectors to gain significantly: FIEO on US deal

February 3, 2026 10:04 AM

Engineering goods, textiles, leather among sectors to gain significantly: FIEO on US deal

The Federation of Indian Export Organisations (FIEO) on Tuesday hailed finalisation of the India-US trade deal, under which the United States has agreed to reduce tariffs on all 'made in india' products to 18 per cent, saying it marks a significant milestone in further boosting and strengthening bilateral trade relations between the two countries. Sectors such as engineering goods, textiles and apparel, pharmaceuticals, chemicals, leather products, gems and jewellery, and agricultural products ...

When noise subsides, 2 natural partners come together: Industrialists on US deal

February 3, 2026 9:50 AM

When noise subsides, 2 natural partners come together: Industrialists on US deal

Leading industrialists have welcomed the historic India-US trade deal, saying that the reduced 18 per cent tariffs will help strengthen the strategic and economic ties between the two great countries. Anand Mahindra, Chairman of Mahindra Group, wrote in a post on X, “More evidence of the benefits of ‘Making haste slowly.’” “When the noise subsides, two natural partners will come together,” he posted. Kumar Mangalam Birla, Chairman of Aditya Birla Group, applauded Prime Minister Na...

EAM Jaishankar welcomes India-US trade deal, to meet Rubio today

February 3, 2026 8:30 AM

EAM Jaishankar welcomes India-US trade deal, to meet Rubio today

India’s External Affairs Minister S. Jaishankar welcomed the US–India trade deal announced after talks between Prime Minister Narendra Modi and President Donald Trump, calling it a boost for jobs, growth, and innovation in both economies. The minister arrived in New York on Monday on a three-day official trip to attend the Critical Minerals Ministerial being hosted by his American counterpart, Secretary of State Marco Rubio. “This will create more jobs, spur growth and promote innovation...

India-US trade talks on track, first tranche expected by November: Piyush Goyal

September 11, 2025 3:37 PM

India-US trade talks on track, first tranche expected by November: Piyush Goyal

Union Commerce and Industry Minister Piyush Goyal on Thursday said that the first tranche of the India-US trade deal is expected to be finalised by November. He noted that discussions between the two countries are progressing in a positive direction and that both sides are satisfied with the outcomes so far. Speaking to reporters in poll-bound Bihar, Goyal recalled that in February, Prime Minister Narendra Modi and US President Donald Trump had instructed their ministers to work on the pact an...