In a pivotal moment for India’s trade agenda, Minister Piyush Goyal confirmed the first tranche of the India-US deal will surface in 4-5 days, featuring a tariff dip to 18 percent on Indian exports to America via an impending executive order and joint declaration.
Goyal’s Thursday remarks spotlight India’s trade prowess, with this as the ninth such agreement under PM Modi’s visionary guidance—each driving national modernization and export growth.
Equally exciting is the renaissance of India-GCC FTA talks, with terms of reference signing on the horizon after two decades. Spanning six countries, it promises policy stability, investment influx, and reinforced energy and food security.
Food processing, petrochemicals, and ICT sectors are prime beneficiaries, leveraging the $179 billion trade corridor. Goyal hailed it as a beacon for worldwide commerce.
Parliament heard on Wednesday how India deftly shielded sensitive areas like farming and dairy in US parleys. Sustained post-Modi 2025 visit discussions have yielded a win-win framework, with full agreement eyed by mid-March, underscoring India’s strategic ascent in global trade.