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NEW DELHI: Congress leader Rahul Gandhi on Saturday escalated his attack on the finalised India-US trade deal, claiming that the agreement would harm India’s cotton farmers and textile exporters.In a post on X, Rahul alleged that the government has walked into a “trap” that leaves millions of families staring into an “abyss of unemployment.”“18% Tariff…
NEW DELHI: The India-US trade arrangement will expand cotton demand rather than hurt domestic growers, commerce and industry minister Piyush Goyal said on Friday, while asserting Indian farmers stand to gain from rising textile exports.“This will also not hurt our cotton producers… I can see before my eyes a huge requirement for more cotton and…
NEW DELHI: Union commerce minister Piyush Goyal on early Friday hit back at leader of opposition in the Lok Sabha Rahul Gandhi calling his allegations on the India-US trade deal “baseless,” claiming that he “has no concern for Bharat”. Goyal further asserted that the trade pact fully protects farmers’ interests. In a post on X,…
India’s trade surplus with the United States could exceed $90 billion annually, according to a new report by SBI. This growth has been driven by rising exports and higher import potential. Indian exporters could boost their top 15 items’ exports to the US by $97 billion yearly, with total exports potentially crossing $100 billion annually…
NEW DELHI: A day after releasing a fact sheet on the trade deal with India, the White House revised it to say that India “intends” to buy more than $500 billion of US products, instead of having “committed” to: a substitution which will help PM Modi govt rebut the charge that it had given in…
US President Donald Trump on Wednesday described the recently concluded agreement with India as a “historic trade deal” and said it would significantly boost American coal exports.Addressing a press briefing, Trump said, “America is now the number one energy producer in the world… We’re becoming a massive energy exporter. In just the past few months,…
The United States has revised its fact sheet on the recently announced “historic trade deal” with India, removing a reference to pulses and changed the text relating to the $500 billion purchase “commitment.“ In the earlier version of the document, Washington had said, “India will scrap or cut duties on American industrial products and on…
Global brokerage firm Goldman Sachs has upgraded its outlook for India’s economic growth and lowered its estimate of the country’s current account deficit (CAD) after the announcement of the India-US trade deal. The firm cited the positive impact of lower US tariffs on Indian exports as a key reason for the improved assessment.Reacting to the…
India-US trade deal: Washington on Tuesday issued a fact sheet outlining the “path forward” for the newly concluded “historic trade deal” with India. The agreement was announced last week after a telephonic conversation between PM Narendra Modi and US President Donald Trump when they agreed on a framework for an Interim Agreement. As part of…
NEW DELHI: India’s auto component industry is set for a significant boost following the India-US trade deal, with the agreement providing preferential tariff treatment for Indian auto parts exports, including zero-duty access for some products. The joint statement said India will receive a preferential tariff rate quota for automotive parts currently covered under US national…
