On this Special Report, the focus is on the landmark India-US interim trade framework. Union Finance Minister Nirmala Sitharaman hailed the agreement, stating that India remains ‘committed to negotiating the broader U.S.-India Bilateral Trade Agreement (BTA).’ She emphasized that the deal will support India’s MSMEs by integrating them into global value chains while lowering costs for businesses and consumers. The Finance Minister also noted that the joint agreement is set to strengthen India’s leadership in the digital services sector. External Affairs Minister S. Jaishankar also welcomed the framework, highlighting its role in ensuring greater market access and promoting the ‘Make in India’ initiative. The report details how negotiations led to a significant reduction in tariffs from 50% to 18%, marking a major win for Indian exports. The programme explores the economic implications of this deal and the strategic stance maintained by Indian negotiators to secure terms beneficial to the domestic economy.
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