India is engaged in complex trade negotiations with the U.S., aiming to finalize a bilateral trade agreement (BTA) targeting USD 500 billion in trade by 2030. Recent U.S.-UK trade deals have prompted India to tread cautiously, focusing on reciprocity, balanced concessions, and safeguarding domestic sectors.
India’s Production Linked Incentive (PLI) schemes, agricultural subsidies, and tariffs on sensitive products are key discussion points. The U.S. is pushing for greater market access, tariff reductions, and non-tariff barrier removals in sectors like dairy, automobiles, and technology.
Despite trade surpluses, India faces pressure to open up markets, with concerns about protecting farmers and MSMEs from aggressive dumping and ensuring WTO-compliant policies. Negotiations are ongoing, with cautious optimism for a mutually beneficial outcome.