India’s Financial Services Secretary has confirmed that Indian exports are expected to pick up following the recently signed India–US trade deal. The agreement reduces US tariffs on key Indian goods, improves market access, and is projected to boost exports by over $100 billion annually, strengthening bilateral economic ties.
India’s Financial Services Secretary announced that Indian exports are poised for significant growth after the signing of the India–US interim trade deal earlier this month. The agreement lowers tariffs on a wide range of Indian goods, ending additional duties imposed by the US in 2025, and revives momentum toward a full Bilateral Trade Agreement.
According to SBI Research, India’s exports to the US could rise by $100 billion annually, lifting the net trade surplus by $45 billion even after accounting for higher imports. The deal provides preferential access for Indian textiles, apparel, machinery, and agricultural products, while sensitive sectors such as dairy and poultry remain protected.
The Secretary emphasized that the trade pact will not only boost exports but also enhance cooperation in energy, defense, and technology, positioning India as a stronger player in global supply chains.
Key Highlights
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Tariff Reduction: US duties on Indian goods cut from 50% to 18%
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Export Potential: Annual exports to US projected to cross $100 billion
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Surplus Impact: Net trade surplus expected to rise by $45 billion
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Sector Gains: Textiles, machinery, agriculture, and processed foods benefit most
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Strategic Context: Strengthens India–US ties across energy, defense, and technology
This development marks a turning point in India’s trade relations, promising robust export growth and deeper economic integration with the United States.
Sources: CNBC-TV18, Business Today, MarketScreener, SBI Research Reports