America and India: There will be talks again on mini trade deal between America and India, bilateral trade will increase


Posted on 15th Feb 2025 10:48 am by rohit kumar

In a joint statement by US President Donald Trump and Prime Minister Narendra Modi, it has been announced that the trade between the two countries will be taken to $500 billion by 2030.

 

India's total exports are worth $120 billion.

 

To achieve this target, both countries will sign a bilateral trade agreement this year. That is, in the next five years, the trade between the two countries will increase by $310 billion because currently, the trade between the two countries, including goods and services, is worth $190 billion. India's total exports out of these are worth $120 billion.

 

Earlier, during Trump's first term, a mini trade deal was initiated between India and the US, and to a large extent, both countries had reached a consensus on this deal, but after Trump lost the election, this deal was shelved.

 

According to Ajay Sahai, Director General and CEO of the Federation of Indian Export Organisations (FIO), talks will begin again on this mini-trade deal, which can be very important for India. Experts consider this deal to be very important given the tense trade relations between America and China.

 

Indian products like garments, footwear, gems, and jewelry

 

Experts say that America would like to sell goods like crude oil, gas, and weapons in India and in return can widen its doors for Indian garments, footwear, gems, jewelry, toys, and handicrafts because America mainly depends on China for these types of products.

 

If a trade deal is done, Indian products will become much cheaper in the US market as compared to China, which will increase their demand. Anyway, America has already announced to impose a separate duty of 10 percent on Chinese goods.

 

Export of Indian goods to America can increase.

If the export of Indian goods to America increases, then the credibility of Indian goods will increase worldwide, which will support our total exports. Experts say that Indian companies have already started getting inquiries for these types of goods in America.

1 Like 0 Dislike
Previous news Next news
Other news

After Bihar, the SIR issue heats up in Bengal, Rahul Gandhi opens front against BJP

During the Bihar Assembly elections, a fierce political battle erupted between the ruling party a

Naseeruddin Shah: Naseeruddin removed the post supporting Diljit Dosanjh, said- 'Without burning anyone's beard...'

Bollywood veteran Naseeruddin Shah had reacted in support of singer-actor Diljit Dosanjh on Monda

Salman Khan again received a death threat, the message read- will blow up the car with a bomb.

Bollywood actor Salman Khan has once again received a death threat. This time a message has been

Space Day: 'India will also build its own space station', said PM Modi in his address on National Space Day

On the occasion of National Space Day, a special program was organized at Bharat Mandapam in New

MP Flats Delhi: PM Modi inaugurated new flats in New Delhi, gave a gift to MPs

Prime Minister Narendra Modi today inaugurated 184 new Type-7 multi-storey flats built on Baba Kh

Maldives Foreign Minister arrives on an India tour, and will meet Jaishankar today; These issues can be discussed.

External Affairs Minister S Jaishankar and his Maldives counterpart Abdullah Khalil will hold a r

MUDRA: 'Nothing is impossible for the people of India', PM Modi spoke to the beneficiaries of Mudra Yojana at his residence

On the occasion of the completion of 10 years of Mudra Yojana, Prime Minister Narendra Modi inter

125% tariff on China, 90 days grace period for these countries including India; Why is Trump's attitude changing?

US President Donald Trump made a prominent announcement on Wednesday and announced to stop the im

Marathi Row: Sanjay Raut attacks Nishikant Dubey, says- who knows him? Also raised questions on CM Fadnavis' silence.

The controversy that started in Maharashtra over the Marathi language is increasing. After Shiv S

In preparations for action against terrorists, PM Modi reached Delhi; and held a meeting with officials at the airport itself.

After the painful terrorist attack in Pahalgam, Jammu and Kashmir, Prime Minister Narendra Modi c

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash