Industry experts weigh in on India–US trade agreement

Chhatrapati Sambhajinagar

India and the United States announced a major trade agreement aimed at resetting and strengthening bilateral economic ties. Under the deal, the United States has agreed to reduce tariffs on Indian goods to about 18%, down from much higher levels that had previously reached around 50%. In return, India has agreed to expand purchases of U.S. goods and ease certain trade barriers. The agreement also involves reciprocal tariff adjustments and commitments on market access. This deal is seen as a significant step in improving trade predictability, boosting Indian exports, and broadening economic cooperation between the two largest democracies.

Industry experts have shared their views, describing the India–US trade agreement as a significant step towards strengthening bilateral trade and export opportunities.

“The India–US trade agreement is a strong step towards positioning India as a global hub for manufacturing, innovation and sustainable growth.The agreement highlights India’s growing role in the global economy.”

— Rishi Kumar Bagla, chairman CII Western Region

“From an industry standpoint, we welcome this much‑awaited decision. It brings long‑needed clarity and confidence to businesses preparing for deeper global engagement. The India–USA trade deal reflects the growing maturity of our economic relationships and the trust global partners place in Indian industry. This is the time of India earned through consistent quality, reliability, and responsible growth. As our international partnerships grow stronger day by day, such developments will enable industry, including MSMEs, to integrate more meaningfully into global value chains and contribute to sustainable, long‑term progress.”

— Rushikesh Jaju,CMIA trade facilitation cell.