India-US Trade Deal: Strategic Win or Costly Concession?

• The India-US trade agreement reduces US tariffs on Indian exports to 18%, down from nearly 50%, aiming to boost India's price competitiveness.
• Key Indian sectors like textiles, engineering goods, gems and jewelry, leather, and marine products are expected to benefit significantly.
• Critics argue the deal is a lopsided pact, potentially forcing India to reduce reliance on Russian oil and increase US crude/LNG purchases.
• Concerns exist about the impact on India's dairy and agricultural sectors, with fears of subsidized US products harming domestic farmers.
• Supporters maintain India has preserved its autonomy, with no formal commitment to end Russian oil imports and safeguards for sensitive sectors.