A former ambassador to the United States expresses hope for an India-U.S. trade agreement, stating he is, "Very hopeful that we will find a way to conclude a satisfactory, mutually beneficial free trade agreement with the United States early rather than late." However, the potential deal is currently in limbo following the cancellation of a U.S. team’s visit. The Indian government is standing firm, refusing to open its dairy and agriculture sectors. Meanwhile, Indian exporters face the risk of 50 percent customs duties on labor-intensive products, impacting sectors like pharmaceuticals, gems, and jewelry. The government has assured these sectors of support. Separately, India has reiterated its stance on importing Russian oil, citing it as "extremely crucial" and economically viable for the nation, a position it will not change. #indiausrelations #tradedeal #usindiatrade #itwebvideos #foreignpolicy #indianeconomy #russianoil #makeinindia #exports #diplomacy #internationaltrade #harshsingla #quad #geopolitics #businessnews #indiatoday
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