New Delhi, 29 May 2025
A bilateral India-US trade Deal between US President Donald Trump and Indian Prime Minister PM Narendra Modi is expected to be sealed as soon as possible. India and America have been involved in trade for a long time. But in recent times, tensions among both the countries regarding tariffs saw a decline in trade affairs.
Ministry of Finance in its latest report stated that the successful bilateral trade deal between India and US can turn the ongoing adverse conditions into favourable ones. India and America are expected to seal the interim trade agreement before 8 July 2025.
India -US Trade Deal – A golden opportunity for India
The interim trade deal is crucial and need immediate action as the USA’s 26 per cent reciprocal tariff on India is suspended till July 9 this year. It was imposed by the US on April 2. However, Indian goods still attract the 10 per cent baseline tariff imposed by America. The Finance Ministry report also stated that amid global uncertainty, India has the potential to remain one of the most sought-after destinations for investment. India – The Fastest Growing Major Economy
Report also suggests that India remains the fastest growing major economy. A recent report by IMF suggests that India’s real GDP growth for 2025-26 is estimated to be at 6.2 percent, which is 0.30 percentage points lower