On this Special Report, Business Today’s Karishma Sodani analyses the landmark trade deal finalised between India and the United States, as announced by President Donald Trump. Sodani highlights a significant diplomatic and economic victory, noting that ‘the tariffs on India by the United States have been lowered from 50% to 18%.’ This reduction gives India a competitive edge over nations like China and Vietnam in the global supply chain. The discussion covers the immediate positive reaction of the Gift Nifty, which surged by 600 points, and the expected benefits for sectors such as textiles, footwear, gems and jewellery, and marine products. The report also addresses the $500 billion purchase target mentioned by Trump and India’s strategic diversification of oil imports from Russia to the US. Sodani notes that while the fine print is awaited within two days, the deal marks a major vindication of the personal rapport between Prime Minister Modi and President Trump.
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