US–India Trade Agreement Nears Completion, Targeting Tariff Reductions and Access for $48.2B in Exports

The first phase of the US–India bilateral trade agreement is nearing completion, focusing on reciprocal tariff reduction and broader market-access commitments. Officials indicated that the agreement is expected to influence nearly $48.2 billion worth of Indian exports while laying the foundation for doubling bilateral trade volumes in the coming years. Key sectors involved include textiles, machinery, pharmaceuticals, and agricultural products. Economists noted that the agreement could unlock new growth opportunities but added that regulatory alignment and logistics capacity will play critical roles in execution.