India-US Trade Deal Nears: Phased Implementation Expected, Relief for Exporters

• India-US trade deal discussions are progressing cordially, with a concrete outcome expected soon.
• The agreement is likely to be implemented in phases, focusing on issues where both countries have reached consensus for immediate trade relief.
• A high-level US Trade Representative team, led by Ambassador Rick Switzer, visited India in December to accelerate talks.
• This marks the second visit by US officials in a year, indicating Washington's desire to maintain strong economic ties despite past tariffs.
• The first phase of the deal could provide a lifeline for Indian exporters, particularly in textiles, gems, jewelry, and engineering goods, by reducing high tariffs.

Why It Matters: India and the US are close to a phased trade deal, offering significant relief to Indian exporters.