GTRI cautions India to slow down on a bilateral trade agreement with the US, citing President Trump’s volatile tariff strategy. Recent court rulings have struck down key US tariffs, pushing trade talks back toward traditional WTO frameworks. The think tank warns this uncertainty could leave India negotiating a “one-sided” deal without meaningful reciprocal tariff relief.
India’s exports gained strong momentum in April even as tensions persist in West Asia, Commerce Minister Piyush Goyal said. He pointed to improving global demand and newly inked trade agreements as key drivers for outbound shipments. Exporters are also pushing to expand market access, while progress continues on discussions surrounding an India-US trade deal.
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Indian benchmark indices opened lower on Friday, pointing to an absent Santa rally as momentum remains weak and foreign fund outflows continue. Nifty slipped at the start of trade, with experts suggesting the market’s trajectory could improve later as the 2026 Union Budget, future trade deals/FTAs, and company earnings collectively drive gains into the first quarter of CY2026.
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