US Assures India Of Better Tariff Advantage Under Proposed Bilateral Trade Deal

Washington has reportedly assured New Delhi that India will receive competitive tariff advantages compared to rival nations under the upcoming bilateral trade agreement. According to a senior government official citing news agency ANI, discussions for the proposed trade pact are currently progressing across multiple phases, with both nations actively attempting to finalize an initial package by the end of the current fiscal year. However, officials noted that services will be kept out of the scope of this initial package and addressed during subsequent phases of the comprehensive trade negotiations. The final tariff structure and actual benefits will ultimately depend on the mutually agreed terms in the final agreement.