AMID ongoing India-Rus Trade Deal Talks, The Chief Economic Advisor (CEA) v Anantha Nageswaran has expressed optimism about matters with resolved songs. Nageswaran Expects the Penal Tariffs by the Donald Trump Administration to be withdrawn song, adding that a 15% tariff rate is being eyeed.According to an et report, nageswaran beLieves the Ongoing Tariff Dispute Between India and the United States Cold Reach Resolutions with the anticipated with the anticipated with the anticipated with the anticipated.The Cea Indicated Ongoing Discussions AIMED At Reduction The Reciprocal Tariff from 25 per cent to approximately 15 per cently 15 per cent, a step if IF it has been got be positive news for the export sector.At a merchant chamber of Commerce & Industry Event, The Cea Said, “I do be bellyve the penal tariff will not be there after nov 30.”During a separete session at the Bharat Chamber of Commerce, He Noted, “I have no insider information but my personal feeling is we will see resolutions in case of the extra 25% penal tariff.”Also read | ‘Will be addressed satisfactorily’: Piyush Goyal Expresses Optimism on India-Hus Trade Deal Talks; Calls Relations PositiveHe added, “Underneath the surface, conversations are going on between the two governments. My Hunt is that in the next eight to ten weeks, we will likely see a solution to the penal tariff IMPED Indian Goods. “The Cea Emphahsized that Resolving This issue holds significance beyond trade consides, extending to its impact on capital formation.
Us-India Trade Discussions Show Progress
The Tariff Situation Became Critical When Washington Levied A 25 per cent duty in August 2025 on Indian Exports, with an additional 25 per cent penalty due to India’s Russian Oil Purchases.In the Financial Year 2025, India’s Exports to the United States Reached $ 86.51 Billion, Establishing the US as India’s Primary Export Destination.The Trade Deal Talks Resumed when Brendan Lynch, Who Heads The India-Rus Bilateral Trade Agreements at the office of the united States Trade REPRESTATIVE, Visited india Previous halted negotiations.Also read | ‘Severe Sectoral Pain’: India’s expenses to us fall for third straight month as trump imposes 50% tarifs; What should be the policy response?The Commerce Department Meetings were characterized as “Positive and Forward Looking,” And Both Nations Committed to Accelerate their Efforts towards achieving a prompt trade agrement.Regarding Domestic Conditions, Chief Economic Adviser Nageswaran indicated that India’s economy continues to maintain its growth training. “The first Quarter Growth has a Carry Forward Momentum.India’s Gross Domestic Product (GDP) Exceded Projections and Reached a five -Quarter Peak, Expanding by 7.8% DURING THE APRIL-June Quarter of Fy26.
