Positive Signs in India-US Trade Deal Talks, Experts Optimistic

Economists have welcomed the positive developments in India-US trade negotiations, saying it sends a strong message globally that India is a key player and cannot be overlooked in international trade. Recent remarks by US President Donald Trump suggest a willingness to reconcile trade differences, which experts attribute to Prime Minister Narendra Modi’s firm stance and his outreach to alternative partners like Russia and China.
 
Economist Rajiv Sahu noted that India’s approach has been assertive rather than submissive, which has likely influenced the US position. He pointed out that both Modi and Trump had earlier committed to boosting bilateral trade from USD 200 billion to USD 500 billion by 2030 — a target that now seems achievable with renewed dialogue.
 
Trade relations had faced a setback in August when the US imposed 50 percent tariffs on certain Indian goods. While this move raised concerns, President Trump’s personal rapport with PM Modi and his recent positive remarks indicate that both countries are seeking a balanced resolution.
 
Economist Prabir Kumar Sarkar emphasized that the trade talks, which resumed in February 2025, are an opportunity for India to address longstanding export challenges. A fair agreement on tariffs could unlock major gains for Indian industries in the long run.
 
Echoing this optimism, Gurucharan Das stressed the need for tariff reductions, suggesting that mutual cooperation would benefit both economies. International support is also growing — Israeli Finance Ministry chief economist Samuel Abramzon expressed hope, saying it’s encouraging to see two of Israel’s key allies engaging constructively.
 
Experts agree that with its vast resources, skilled workforce, and reform-oriented government, India holds the potential to become a fully developed economy. Strong international trade ties, especially with the US, are seen as a crucial step toward that goal.