India-US trade pact fuels export growth

Industry experts weigh in on India–US trade agreement

Lokmat News Network

Chhatrapati Sambhajinagar

Manufacturing and EV hub are expected to receive major relief, as Chhatrapati Sambhajinagar is a key exporter to the US in foreign trade, benefiting local industrialists.

India and the United States have announced a major trade agreement to reset and strengthen bilateral economic ties. Under the deal, the US will reduce tariffs on Indian goods to around 18%, from earlier levels of up to 50%. In return, India will expand purchases of US goods and ease select trade barriers. The agreement also includes reciprocal tariff adjustments and enhanced market access commitments.

Industry experts from city believe the agreement will significantly strengthen export prospects and support the city’s long-term industrial growth

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Chhatrapati Sambhajinagar: Top Export Destinations (2024–25)

Country

Value (INR Cr)

Share (%)

United States

2,978

11.1

Philippines

1,513

5.6

Leading export sectors from the city (2024–25)

Sector

Value (INR Cr)

Engineering (Auto & Allied)

11,019

Electronics & Electricals

4,652

Pharmaceuticals

3,460

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India emerges as trade leader

The India-US trade agreement is a strong step in positioning India as a global hub for manufacturing, innovation, and sustainable growth. It underscores India’s growing role in the global economy and enhances export opportunities, giving businesses clarity and confidence. This deal strengthens bilateral ties and supports India’s emergence as a reliable, responsible global trade partner.”

-Rishi Kumar Bagla, chairman, CII Western Region

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India–US deal boosts business confidence

“From an industry standpoint, we welcome this much‑awaited decision. It brings clarity and confidence to businesses preparing for deeper global engagement. The India–US trade deal reflects the maturity of our economic ties and the trust global partners place in Indian industry. Strengthened partnerships will enable meaningful integration into global value chains and support sustainable, long-term growth.”

— Rushikesh Jaju, CMIA Trade Facilitation Cell