India is expected to become more competitive in the US market due to higher tariffs on China, Canada, and Mexico, creating significant opportunities.
The trade discussions between India and the US, aimed at a bilateral trade agreement (BTA), are ongoing, focusing on sectors like agriculture and automobiles.
India has resisted US demands for duty concessions, seeking removal of additional tariffs on certain products and easing tariffs on steel, aluminum, and auto sectors.
Both countries are negotiating for a proposed bilateral trade agreement with a target to conclude discussions by fall (September-October) this year.