U.S. President Donald Trump commented that trade talks with India are "going good" and hinted at a possible visit to the country next year. Speaking at a White House press briefing, Trump referred to Indian Prime Minister Narendra Modi as "a friend" and a "great man." Key Trade and Sanctions...
India and U.S. Accelerate Trade Talks
India and the United States are intensifying efforts to finalize the first phase of a proposed bilateral trade agreement, with a high-level Indian delegation heading to Washington this week. After five rounds of negotiations, both nations aim to conclude the initial tranche by October –November 2025. Key discussion points include...
BBC World Business Report – Radio Interview with Gunjan Bagla
On August 28, 2025, the day after higher American tariffs were imposed on many goods exported from India, Roger Hearing of the BBC World Business Report had me as his first guest. Here is a transcript of the conversation. I believe that the USA and India will eventually resolve this...
U.S.-India Trade Talks Extended
The U.S. trade delegation in India has extended its stay beyond the initial June 5-6 schedule, signaling progress in negotiations ahead of the July deadline for implementing reciprocal tariffs. Officials estimate that most key issues may be finalized within a week. While the tariffs face legal challenges in Washington, both...
India’s Economy Surges Despite Global Uncertainty
India’s economy expanded at an impressive annual rate of 7.4% in the January–March quarter of 2025, surpassing forecasts and reinforcing its position as the fastest-growing major economy. The latest data from the government, released on May 30, showed robust growth driven by strong manufacturing and construction activity. Economists had projected...
India Restores Refund of Export Duty to its Exporters
Aiming to enhance export competitiveness, India will reinstate benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) initiative starting June 1. Originally launched in January 2021 and paused in February 2025, this plan reimburses exporters for taxes and levies not covered by other refund programs. It will...