US President Donald Trump on Monday said he and Prime Minister Narendra Modi "have agreed to a Trade Deal" between the United States and India, whereby the United States will charge a reduced Reciprocal Tariff, lowering it from 25% to 18%.
Driven by commodity price volatility amid the persistence of the US-India trade deal stalemate, the risk to current account (C/A) dynamics is likely to moderate, as one-off import shocks ease. According to a Union Bank of India report, with the India-US bilateral trade agreement nearing fina
The domestic equity markets opened lower on Monday amid cautious global cues, continued foreign investor selling and uncertainty around key global central bank actions, as investors remained in a wait-and-watch mode for positive triggers such as a favourable US-India trade deal.
India's economic growth is expected to come in strong for the second quarter of the current financial year, with GDP likely to rise 7.5 per cent, according to a report by Union Bank of India.
Congress leader Jairam Ramesh has launched a sharp attack on the Modi government over US President Donald Trump's repeated claims that he mediated a ceasefire between India and Pakistan during Operation Sindoor and asked why Prime Minister Narendra Modi does not "openly say that President
India's current account deficit (CAD) is expected to rise to 1.7 per cent of GDP in the current financial year FY26, higher than the bank's earlier projection of 1.2 per cent, according to a report by Union Bank of India.
India remains engaged with the United States on the proposed Bilateral Trade Agreement (BTA), and the first tranche of the deal, focused on addressing reciprocal tariffs, is now "near closure", Commerce Secretary Rajesh Agrawal said on Monday while releasing the October trade data.
Indian stock markets opened on a flat note on Friday as investors remained in a wait-and-watch mode amid anticipation of an official announcement on a possible US-India trade deal.
The United States appears to be warming up to the idea of a comprehensive trade deal with India as Washington seeks to diversify critical supply chains away from China. With Beijing tightening its grip over rare-earth exports and the US-China trade war intensifying, policymakers in Washingto
At close of trading, the Sensex was down 375.24 points or 0.45 per cent at 82,259.24, and the Nifty declined 100.60 points or 0.40 per cent at 25,111.45.