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In return, India may reduce imports of Russian oil and open its market to non-genetically modified American corn and soymeal products. The U.S. and India are close to a possible trade deal that would reduce tariffs on Indian exports to about 15% to 16% from the current 50%, according to the Mint. In return, India may reduce imports of Russian oil and open its market to non-genetically modified American corn and soymeal products. The bilateral trade agreement could be announced when President D ...Read More >
President Trump stated he discussed trade and energy with Indian Prime Minister Modi, who assured him India would limit oil purchases from Russia. This comes as Trump pressures Moscow to end the Ukraine war, with India being a major buyer of Russian crude. United States President Donald Trump said he held talks with Prime Minister Narendra Modi on Tuesday, with their conversation focused largely on trade. "Let me extend our warmest wishes to the people of India. I just spoke to your Prime Mini ...Read More >
By Sai Ishwarbharath B, Haripriya Suresh and Rishika Sadam BENGALURU/HYDERABAD (Reuters) -Donald Trump's H-1B visa crackdown will hasten U.S. firms' shift of critical work to India, turbocharging the growth of global capability centres (GCCs) that handle operations from finance to research and development, economists and industry insiders say. The world's fifth-largest economy is home to 1,700 GCCs, or more than half the global tally, having outgrown its tech support origins to become a hub of ...Read More >
Indian officials are set to request the US to ease access for skilled workers during trade negotiations this week, following President Trump's H-1B visa restrictions. Commerce Minister Piyush Goyal will address the movement of IT professionals, expanding talks beyond goods to include services.Indian officials will ask US trade negotiators this week to ease access for thousands of skilled workers, a person familiar with the matter said, days after President Donald Trump's abrupt announcement to r ...Read More >
India is bracing for potential trade turmoil with the US as proposed 50% tariffs loom. Economist Swaminathan Aiyar suggests the dispute transcends trade, implicating geopolitics due to India's stance on Russian crude oil. Aiyar cautions about the impact on India's defense ties with the US, questioning future arms purchases if treated unfavorably. With just one day to go before the proposed 50% tariffs come into effect, India is bracing for a stormy phase in its trade relations with the United S ...Read More >
Jaishankar said that India and China were seeking to "move ahead from a difficult period in our ties". The two counterparts held discussions on a range of bilateral issues from trade to pilgrimages and river data sharing. Yi is also scheduled to meet India's National Security Advisor Ajit Doval for on-going negotiations on resolving the boundary dispute between the two countries. The visit is being seen as the latest sign of a thaw in ties between the nuclear-armed neighbours. India and Chin ...Read More >
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