On this Special Report, the focus is on Prime Minister Narendra Modi’s address to the NDA parliamentary meeting following the landmark India-US trade deal. The Prime Minister stated that the ‘world order is twisting in India’s favour’, a shift he noted became evident after the COVID-19 pandemic. He described the conclusion of the trade agreement as a ‘very big victory for our diplomacy’ and emphasized that ‘patience always pays off’ despite earlier criticisms. Under the new arrangement, US reciprocal tariffs on Indian goods have been reduced from 25% to 18%. Prime Minister Modi urged a renewed focus on domestic manufacturing, calling for manufacturing unit conferences in every district to produce high-quality products. While the government hails the deal as a historic achievement following a recent FTA with the EU, the opposition has raised concerns regarding the impact on the agricultural sector and tariff asymmetry. The programme examines the strategic implications of this deal for India’s global trade standing.
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