India must stay firm and avoid trading away its core sectors, especially agriculture, despite increasing pressure from the United States under President Donald Trump's administration, according to a report by the Global Trade Research Initiative (GTRI).
India could emerge as a major beneficiary of the United States' latest tariff policy as Washington may impose lower tariffs on India compared to several other countries in the Asia-Pacific region, according to a report by Arihant Capital.
Indian stock markets opened on a positive note on Thursday as investor focus shifted to the earnings season, amid a delay in the announcement of the India-US trade deal.
Indian stock benchmarks closed their first day of the week with slight gains in the account, as investors remained cautious ahead of anticipated U.S. tariff announcements.
In a post on social media X, Rahul Gandhi wrote "Piyush Goyal can beat his chest all he wants, mark my words, Modi will meekly bow to the Trump tariff deadline."
The Indian rupee is expected to trade in the range of 85.25-86.25 against the US dollar in the near term, according to a recent report by Bank of Baroda.
US President Donald Trump on Tuesday (local time) reaffirmed that India-US will soon strike a trade deal with "much less tariffs", allowing both countries to compete.
"We are in the middle, hopefully more than the middle, of a very intricate trade negotiation. Obviously, my hope would be that we bring it to a successful conclusion, I cannot guarantee, because there's another party to that discussion, but no question," Jaishankar said in the Newsweek in
Given that India has much higher tariffs than those imposed by the US, the impending bilateral trade agreement -- that would reduce tariffs-- is set to increase the US's exports to India more than vice versa, according to an analysis by Crisil.
US President Donald Trump on Wednesday (local time) hosted Pakistan Army Chief Asim Munir at the White House for a lunch meeting, praising Munir for his role in preventing the escalation of the conflict between India and Pakistan.