Speaking exclusively to ANI, Ambassador Kumar underlined the need for a balanced trade relationship and said both countries are exploring new avenues of economic cooperation, including green hydrogen and advanced manufacturing.
US President Donald Trump's regular targeting of India about the trade deficit and accusations that India unfairly benefits from trade are incorrect, argued Global Trade Research Initiative (GTRI) in a report, explaining threadbare how India fuels US profits beyond trade in what it termed it
The fiscal deficit of the central government could ease by 20 to 30 basis points from the budgeted level of 4.5 per cent to 4.2 per cent of GDP by the bumper dividend transfer by Reserve Bank of India, according to a report by State Bank of India
Indian stock markets opened lower on Thursday as global sentiment remained weak due to rising concerns over debt and deficit levels in the United States.
Commission Chairman Dr Arvind Panagariya said, "If there is a balanced fiscal deficit in any developing state, then it is not a bad situation. It is important to take care that this deficit does not increase."
India's trade outlook for the current financial year remains uncertain due to the looming threat of reciprocal tariffs by the United States, according to a report by Union Bank of India.
India's overall exports, including merchandise and services, witnessed a rise sharply to USD 73.80 billion in April 2025, marking a 12.7 per cent increase from USD 65.48 billion in the same month last year, according to data released by the Commerce Ministry on Wednesday.
"All these are cosmetic steps, but we are not opposing it. In fact, closing down export and imports hurts us more. The balance, deficit is around 300 billion dollars which used to benefit us, that is why this effects India more," Rashid Alvi told ANI in Delhi.
On the occasion of the completion of the 100th day of the Trump administration, Miller stressed that the US will not allow China to steal American intellectual property, illegally dump and subsidise goods in the US market, manipulate its currency, or rack up an unsustainable trade deficit.
Trump had imposed reciprocal tariffs on dozens of countries with which the country has a trade deficit. Later, President Trump had decided to paused the tariffs for 90 days, after many countries initiated talks with the US administration for a trade deal.
India's India's overall export ( Merchandise & Services) showed steady growth in March 2025, with both exports and imports registering year-on-year increases, according to the government data released on Tuesday.