The deal shifts the US posture towards India from hostile to neutral, and that matters for growth, points out T T Ram Mohan.
After the US Supreme Court struck down President Donald Trump's global tariffs, Congress leader Rahul Gandhi accused Prime Minister Narendra Modi of being "compromised", saying his "betrayal" in the India-US interim trade deal stood exposed.
India and the US have decided to reschedule their meeting to finalize the interim trade pact due to recent developments and implications, including changes in US tariffs.
New Delhi will substantially reduce tariffs on industrial and agricultural goods while continuing to protect sensitive sectors. Tariffs on some agricultural products that are not traditionally considered sensitive will be brought down to zero, while in the case of relatively sensitive items, duties will be reduced in a graded manner and quotas will be imposed.
Commerce and Industry Minister Piyush Goyal announced that an interim trade agreement between India and the US is likely to be signed in March and operationalised in April, with chief negotiators meeting in Washington to finalize the details.
Modi highlights the potential for large-scale employment generation for women and youngsters.
The turning point came with the appointment of Sergio Gor as the US ambassador to India.
Several farmer organisations in India are protesting the proposed India-US trade deal, expressing concerns about its impact on the agriculture sector and demanding the resignation of the Commerce Minister.
Admiral Samuel J Paparo, Commander of the US Indo-Pacific Command, lauded India's military restraint during Operation Sindoor and emphasized the growing India-US defence partnership aimed at maintaining peace and security in the Indo-Pacific region.
Betting big on India's AI potential, Google CEO Sundar Pichai on Wednesday announced new subsea cable routes to boost AI connectivity between India and the US, alongside major skilling initiatives, including training 20 million public servants and supporting 11 million students
The India-US trade deal has offered a much-needed breather for the Indian information technology (IT) industry, which has been grappling with global macroeconomic uncertainty and subdued client spending over the past few years.
'Based on the joint statement, a formal agreement will be drafted, which may take a month or month-and-a-half to finalise. We aim to sign the formal agreement by mid-March.'
The Congress attacked the Modi government, saying it now seems to be routine that India learns about its government's actions only from Trump or his appointees.
The Indian government informed Parliament that India and the US are engaged in negotiations for a mutually beneficial multi-sectoral bilateral trade agreement. The two countries also cooperate on strategic, economic, and defense matters, managing divergences through high-level dialogues.
India has completely protected the interests of its agriculture and dairy sector in the India-US trade agreement.
A trade deal makes sense only if it is fair and reciprocal. If the cost is strategic dependence or loss of policy space, waiting is the wiser option, asserts Ajay Srivastava.
India and the US are expected to sign the first phase of a bilateral trade agreement by mid-March, which will result in the US lowering import duties on Indian goods. India will then begin reducing import duties on certain US goods.
India and the US are expected to sign the first phase of a bilateral trade agreement by mid-March, which will result in the US lowering import duties on Indian goods. India will then begin reducing import duties on certain US goods.
Prime Minister Narendra Modi stayed calm, avoided public confrontation, and focused on India's long-term interests to steady ties with the United States.
The agreement addresses non-tariff barriers and promotes increased trade in technology products and cooperation between the two countries.
US and India will promptly implement this framework and work towards finalising the interim agreement with a view to concluding a mutually beneficial bilateral trade agreement.
The India AI Impact Summit 2026 saw investment pledges of USD 240 billion from major players like Reliance, Adani, Google, Lightspeed Ventures, and Tata, signalling a significant boost to India's AI infrastructure and development.
Both countries commit to provide each other preferential market access in sectors of respective interest on a sustained basis
Trump announced that India and the US agreed to a trade deal under which Washington will charge a reduced reciprocal tariff on Delhi, lowering it from 25 per cent to 18 per cent.
Stock market benchmark indices Sensex and Nifty surged in early trading session on Tuesday after India and the US agreed to a trade deal under which Washington will bring down the reciprocal tariff on Indian goods to 18 per cent from current 25 per cent.
Foreign portfolio investors (FPIs) infused Rs 22,615 crore into Indian equities in February, marking the highest monthly inflow in 17 months, driven by factors such as the interim India-US trade deal, correction in domestic market valuations, and strong corporate earnings.
Delhi Police made a fifth arrest in the AI Impact Summit shirtless protest case, as investigations continue into the political demonstration against the government and the India-US trade deal.
Prime Minister Narendra Modi inaugurated Micron Technology's semiconductor plant in Sanand, Gujarat, highlighting India's growing presence in the hardware sector and its strong partnership with the United States in AI and chip technologies.
Finance Minister Nirmala Sitharaman stated that it is premature to comment on the tariff changes announced by the United States, adding that the commerce ministry is currently reviewing the situation.
The Delhi Police arrested four IYC workers and booked them at Tilak Marg Police Station under multiple provisions, including criminal conspiracy, unlawful assembly, assault on public servants, obstruction of duty, and disobedience to orders promulgated by public authorities.
Delhi Police arrested four Indian Youth Congress workers for staging a shirtless protest at the AI Impact Summit venue, with officials investigating a potential wider conspiracy.
India Youth Congress workers staged a protest at the AI Impact Summit in Delhi, raising slogans against Prime Minister Narendra Modi before being removed by security. The protest caused a brief disruption at the event, which features global AI leaders and heads of state.
Additional Sessions Judge Amit Bansal directed the stay after the Delhi Police challenged the bail order by Duty Magistrate Vanshika Mehta, and listed the matter on March 6 for further proceedings.
Rahul Gandhi met with farm union leaders to discuss concerns about the India-US trade deal and its potential impact on farmers' livelihoods.
'Engaged in very fruitful discussions to expand our trade and economic partnership.'
A Delhi court has criticized the conduct of Indian Youth Congress workers who protested at the AI Impact Summit venue, stating their actions were not legitimate dissent but a 'blatant assault on public order' that also harmed the country's diplomatic image.
Lok Sabha proceedings were adjourned till 12 noon on Friday after opposition members raised slogans demanding the resignation of Union Minister Hardeep Singh Puri and protesting against the India-US interim trade agreement.
Will rising tensions between US-Israel and Iran threaten crude oil supply through the Strait of Hormuz, putting India's fuel prices, imports, and economic stability at risk?
The first leg of the Budget session concluded with debates over the India-US trade deal and a former army chief's memoir, and will reassemble on March 9.
A strong third-quarter (October-December/Q3) performance for 2025-26 (FY26) has helped the stock of India's largest listed pharmaceutical (pharma) company, Sun Pharmaceutical Industries, gain about 7 per cent since the start of February.
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