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India-US Trade Pact Lifts 'Dark Clouds', Boosts Economic Certainty

Senior Indian officials have hailed the newly finalized India-US trade agreement for removing a "great deal of uncertainty" from the global economic environment. Department of Economic Affairs Secretary Anuradha Thakur credited India's strong and stable economy to careful fiscal policies and a stable financial system. Department of Financial Services Secretary M Nagaraju described the deal as lifting a major 'dark cloud', noting relief for businesses with lower tariffs and a support scheme for exporters. However, key details involving agriculture, Russian oil purchases, and services remain unresolved for future discussion.

Key Points: India-US Trade Deal Hailed for Lifting Economic Uncertainty

  • Trade deal reduces global economic uncertainty
  • Tariffs on Indian goods cut from 25% to 18%
  • Government credit scheme supported exporters
  • Strong macroeconomic fundamentals credited
  • Key sectors like agriculture still under discussion
2 min read

'Dark clouds lifted': DEA Secretary hails India-US trade pact

DEA Secretary Anuradha Thakur says the India-US trade pact removes uncertainty, credits fiscal policy for India's stable growth amidst global challenges.

"Maintaining consistency and credibility in economic management is important to attract investment and keep the growth momentum going. - Anuradha Thakur"

New Delhi, Feb 3

Senior government officials on Tuesday welcomed the India-US trade deal, saying it has reduced uncertainty in the global economic environment and brought relief to Indian industry.

Speaking at FICCI's conference on Union Budget 2026-27, Secretary of the Department of Economic Affairs Anuradha Thakur said a 'great deal of uncertainty' was removed after the trade agreement was announced between India and the United States.

"Despite growing geopolitical challenges across the world, the Indian economy has remained strong and stable," she stated.

Thakur explained that India is deeply connected with the global economy, but continues to stand out as a country with strong macroeconomic fundamentals.

She credited the government's careful fiscal policies and a stable financial system for supporting long-term growth.

"Maintaining consistency and credibility in economic management is important to attract investment and keep the growth momentum going," Thakur stated.

At the same event, Secretary of the Department of Financial Services M Nagaraju said that the global economic situation has become clearer after the trade deal.

He described it as a major 'dark cloud' being lifted from the world economy.

Nagaraju urged industry leaders to remain positive, saying the government had already taken steps to reduce the impact of higher tariffs earlier.

He said a credit guarantee scheme was introduced for exporters, under which more than 4,000 loan applications were approved and over Rs 1,500 crore was disbursed to support affected industries.

With tariffs now reduced to 18 per cent, he said businesses can finally feel a sense of relief and certainty.

The India-US trade deal was finalised on Monday after nearly a year of negotiations and several rounds of discussions.

Under the agreement, tariffs on Indian goods exported to the US have been lowered from 25 per cent to 18 per cent.

However, many details of the deal are still unclear. Key areas such as agriculture, India's purchase of Russian oil, and the services sector remain under discussion.

This is especially important as the US has tightened immigration policies that could affect Indian professionals.

- IANS

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Reader Comments

P
Priyanka N
Good step, but the article itself says many details are unclear. What about agriculture and services? And the US immigration policy tightening is a major concern for our IT professionals. The deal seems half-baked right now.
A
Aman W
Stability and credibility are key for foreign investment. When global leaders see India making consistent, long-term policy decisions like this, it builds tremendous trust. Jai Hind!
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Sarah B
As someone working in the export sector, the Rs 1,500 crore credit guarantee scheme is a lifesaver. The reduced uncertainty means we can finally plan our orders and investments for the next financial year with more confidence.
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Vikram M
The "dark clouds" analogy is apt. The global economic situation has been very volatile. This deal with the US, our largest trading partner, sends a strong signal that India is a reliable and strategic partner on the world stage.
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Karthik V
While I welcome the deal, I hope the government remains firm on protecting our interests in agriculture and our right to purchase oil from Russia at good prices. Strategic autonomy should not be compromised for a trade pact.

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