India is fast-tracking negotiations for a comprehensive free trade agreement with the European Union, with Commerce and Industry Minister Piyush Goyal holding three crucial meetings with EU Trade Commissioner Maros Sefcovic within just 35 days.
Indian stock indices remained in the green for the second straight day on hopes that the India-US trade deal is on the anvil, as Trump's commerce secretary recently indicated.
Christel Schaldemose, the Vice-President of the European Parliament, in charge of Asia, on Thursday, expressed optimism about the finalisation of an impending trade deal between the EU and India.
The market experts believe that the investors are buoyed by the hopes of developments in the India-US trade deal and a rate cut by the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI).
India is exploring increased imports of American shale gas, liquefied natural gas, and crude oil to diversify its energy sources and leverage competitive US pricing, a senior official said as both countries prepare for fresh bilateral trade negotiations.
Snapping three-day losses, Indian stock benchmarks settled in the green on Wednesday, on hopes that the India-US trade deal is on the anvil as was indicated by Trump's commerce secretary.
A trade deal between India and the United States could be finalised soon, with both countries finding common ground that suits their interests, US Secretary of Commerce Howard Lutnick said, expressing "strong optimism" about the direction of ongoing talks while speaking at the US-India St
A trade deal between India and the United States could be finalised soon, with both countries finding common ground that suits their interests, US Secretary of Commerce Howard Lutnick said, expressing "strong optimism" about the direction of ongoing talks while speaking at the US-India St
While speaking to reporters, Leavitt said that the readout of the call would be provided if the two leaders hold talks. Earlier on Sunday, the White House National Economic Council Director, Kevin Hassett, had said that there was an expectation for Trump and Xi to hold talks this week.
After a federal court of the United States struck down a reciprocal tariff announced by US President Donald Trump, the Global Trade Research Initiative (GTRI) said that India should proceed cautiously in its ongoing Free Trade Agreement (FTA) negotiations with the US.
"Good discussions with Secretary Howard Lutnick towards expediting the first tranche of India-US Bilateral Trade Agreement," Minister Goyal posted on social media platform X yesterday, signalling positive momentum in the talks.
Indian stock indices slumped for the third straight session, possibly due to continued profit booking, while investors awaited further updates on India-US trade deal negotiations.