Indian Prime Minister Narendra Modi’s go to to Washington this week was a targeted, business-oriented journey, with key agreements with President Donald Trump and challenges shaping the US-India relationship.
The working go to noticed Trump announce a big growth in US navy gross sales to India, together with F-35 jets, alongside elevated oil and gasoline exports to assist slim the commerce deficit.
Each nations agreed to barter a commerce deal and finalize a brand new protection framework, with the US additionally approving the extradition of Tahawwur Rana, accused of involvement within the 2008 Mumbai assaults in India, experiences BBC.
The 2 nations additionally set a daring commerce goal of $500 billion by 2030, aiming to double the present $190 billion commerce quantity.
Additionally Learn: Benzinga Bulls and Bears: Apple, Nvidia, Netflix and Dealer Predicts Dogecoin Surge by March 24
Nevertheless, uncertainties stay across the specifics of the commerce deal, with consultants divided on whether or not it will likely be a full free commerce settlement or focused tariff reductions.
A crucial concern was Trump’s order for reciprocal tariffs, which may result in import taxes on US buying and selling companions.
India, which enjoys a commerce surplus with the US, preemptively diminished its common tariffs to mitigate this.
Whereas some consultants, like Ajay Srivastava, consider India is unlikely to face important tariff hurdles, others, together with Abhijit Das, warn that non-tariff limitations may nonetheless pose challenges, particularly in agriculture, the place US subsidies and strict laws might complicate negotiations, BBC provides.
On protection, the US dedicated to a multi-billion-dollar arms sale to India, together with F-35 jets, though logistical and bureaucratic hurdles may gradual progress. Regardless of this, India’s rising reliance on US protection gear suggests additional deepening of ties.
Modi’s assembly with Elon Musk was notable, because it touched on rising applied sciences and AI, although Tesla’s entry into India stays unsure. Modi additionally held a uncommon press convention with Trump, answering questions on unlawful immigration and the Adani Group bribery expenses, marking a shift from his regular strategy to media interplay.
Learn Subsequent:
Picture: Shutterstock
Market Information and Knowledge dropped at you by Benzinga APIs
© 2025 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
