India-US Trade Deal: Tariffs Slashed, Strategic Ties Reset, and New Opportunities Emerge

• The India-US trade deal, announced by President Trump and PM Modi, significantly de-escalates trade tensions and realigns strategic ties between the two largest democracies.
• The US has reduced tariffs on Indian goods from 50% to 18%, giving "Made in India" products a pricing advantage, especially benefiting labour-intensive sectors like textiles, apparel, leather, gems, and engineering goods.
• India has reportedly agreed to stop purchasing Russian crude oil, shifting energy procurement to the US and potentially Venezuela, a move aimed at limiting Moscow's energy revenues.
• The deal includes India's pledge to purchase over $500 billion worth of US energy, technology, coal, and agricultural products over time, signaling a renewed partnership.
• This agreement is expected to narrow India's current account deficit, stabilize the rupee, and pave the way for deeper collaboration in critical technologies under the new TRUST framework.