Economy News ( English version)

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  • 'Historic', 'very positive', 'quiet diplomacy': Ex-Indian envoys hail India-US trade deal February 3, 2026
    India and the United States have reached a significant trade agreement. Washington will lower tariffs on Indian products to 18 percent. Former diplomats have welcomed this development, calling it a positive step. This deal is expected to boost Indian exports and foster new partnerships.
  • US trade chief says India to maintain some agriculture protections in deal with Trump February 3, 2026
    India will eliminate tariffs on American industrial goods. The United States will reduce tariffs on most Indian products. India will maintain some agricultural import protections. Both nations are working to finalize the details of this significant trade agreement. This deal aims to boost trade and strengthen economic ties between the two countries.
  • US tariff cut to boost Indian carpet exports, benefit 2.5 million weavers: Council February 3, 2026
    Indian carpets will now face lower US tariffs, dropping from 50 percent to 18 percent. This significant reduction offers substantial relief to the nation's carpet industry. The move is expected to directly benefit approximately 2.5 million weavers. The Carpet Export Promotion Council expressed gratitude for the efforts leading to this positive developme […]
  • India-UK FTA offers strategic benefits for rules-based trade, British peers conclude February 3, 2026
    A UK parliamentary report has praised the India-UK free trade agreement as a significant achievement. The deal offers strategic benefits and stability for businesses during challenging global trade times. While highlighting some areas for improvement, the report encourages both nations to strengthen the agreement. The pact is expected to boost annual bilater […]
  • Eastern India lagging despite strong national growth; FY'27 Budget resilient: Sanjeev Sanyal February 3, 2026
    Sanjeev Sanyal, advisor to the Prime Minister, highlighted uneven economic growth across Indian states. He noted eastern India lags behind due to Kolkata's industrial decline and slower infrastructure progress. Sanyal emphasized the need for strong urban centers to drive investment and productivity. He also praised the Union Budget 2026-27 for its growt […]

 

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