India Sees 'Very Good Progress' in US Trade Talks, Eyes Liberalisation and New Opportunities Amid Global Market Shifts

India’s top trade officials have described “very good progress” in ongoing negotiations with the United States, signaling a new era of liberalized trade that will address both tariff and non-tariff barriers. As both nations sign the terms of reference for a potential trade deal, Indian authorities anticipate expanded opportunities for domestic businesses and a boost to two-way commerce.

 

Key Highlights:

Leadership Insights:

India's Trade Secretary stated,

"We are hopeful of striking a robust, well-balanced trade deal with the US that gives new opportunities to our industries and strengthens our foothold in the global supply chain."

 

Outlook:

While tensions in international trade realign supply chains and market forces, India's assertive trade diplomacy is making it an attractive partner both for developed as well as emerging economies.

 

Source: Indian Ministry of Commerce & Industry, official trade briefings, April 15, 2025.