Rising economic fundamentals, a strong manufacturing sector, and a growing middle class position India as a key player in the global economy despite external challenges.
The two nations have committed to negotiating a multi-sector Bilateral Trade Agreement by the end of 2025, aiming for an ambitious $500 billion in annual trade by 2030 as India announces to its plans to reduce tariffs on key American exports.
Acknowledging that the proposed tariffs could impact India, the Finance Minister said Commerce Minister Piyush Goyal is currently in discussions with top US officials to address the issue.
The urgency follows rising concerns over potential tariff hikes under US President Donald Trump’s trade policies and a recent meeting between leaders of two countries in which they reaffirmed their commitment to sealing the long-awaited trade pact this year.
On Feb 28, Prime Minister Narendra Modi and European Commission President Ursula von der Leyen agreed to seal a much-awaited free trade deal by this year amid rising concerns over US President Donald Trump's policy on tariffs.
Teams offers familiar features like calls and messaging, along with advanced tools for meetings, calendar management, and community building, enhancing the user experience.
The latest figures follow a 5.6% GDP growth rate in the preceding July-September quarter, according to data released by the National Statistical Office.
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