India-UK FTA set to boost bilateral trade by 25.5 billion annually, says British high commission official
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News18
17 hours ago
- News18
While Trump Fires Salvos, India Builds: $300 Billion Trade Target With US Powers Ahead
Last reviewed in Feb 2025, a special report by IBEF, in partnership with PHDCCI, projected that India-US bilateral trade could touch a staggering 300 billion dollars by 2026–27. With Donald Trump, the President of the United States of America, continuing to fire salvos at India in a series of provocative Truth Social posts and also imposing tariffs through those posts, India's official response has been measured, but not inaction. While the political rhetoric escalates, the groundwork for an ambitious economic future between the two nations was quietly laid years back. Last reviewed in February 2025, a special report by India Brand Equity Foundation (IBEF), in partnership with the PHD Chamber of Commerce and Industry (PHDCCI) projected that India-US bilateral trade could touch a staggering 300 billion dollars by 2026–27. IBEF is a trust established by the Ministry of Commerce. The trust's primary objective is to promote and create international awareness of the – Made in India label – in markets overseas and to facilitate dissemination of knowledge of Indian products and services. That future-focused assessment by several trade watch agencies – national and global remains on track, senior government officers, informed about the current situation, confirm. The United States has already cemented its position as India's largest trading partner. And behind the scenes, far from the drama of campaign rallies and Truth Social tirades, India is meticulously advancing strategic trade partnerships. According to senior officers involved in the process, the Indian government is 'at it" with quiet determination. 'Core national interests, particularly in agriculture, remain non-negotiable, but multiple diplomatic and business channels are open and actively engaging," said a senior officer. 'The $300 billion figure was not just aspirational fluff. It is based on strong indicators from pharma, electronics, defence tech, clean energy, and digital services, these are all sectors where India and the US complement each other," he added. The report stated, 'Rapidly expanding trade and commercial linkages between India and the US form an important component of the multi-faceted partnership between the two countries. Total bilateral trade (goods and services) between India and the US increased from US$ 20 billion in 2000 to US$ 118 billion in 2024." 'The US emerged as India's biggest trading partner in 2022-23 on account of increasing economic ties between the two countries. According to the provisional data of the Commerce Ministry, the bilateral trade between India and the US increased by 7.65 per cent to US$ 128.55 in 2022-23 as against US$ 119.48 billion in 2021-22," it further added. It further said, 'Many US companies view India as a critical market and have expanded their operations. Many Indian companies are investing in the US and adding value. According to a CII study released in April 2023 ,163 Indian companies invested over US$ 40 billion in the US and created over 425,000 direct jobs. " Calibrated and calculated approach India's posture has been calibrated. The government has not reacted to every political jab. Instead, it stayed focused on long-term economic diplomacy. The February report noted that India's manufacturing base, skilled workforce, and regulatory upgrades are making it an increasingly attractive alternative to China, a shift that Washington, regardless of who is in power, is paying attention to as well. Sources say upcoming bilateral meetings may focus on strengthening semiconductor supply chains, easing investment norms, and enhancing market access in non-sensitive sectors. India, however, will draw the line on issues like agricultural imports and digital data regulations, areas where sovereignty and local industry are at stake. Even as Trump's words trend, India's trade strategy and foreign policies seem to be quietly at work. tags : donald trump India-US trade deal Narendra Modi view comments Location : New Delhi, India, India First Published: August 04, 2025, 12:48 IST News india While Trump Fires Salvos, India Builds: $300 Billion Trade Target With US Powers Ahead Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hans India
4 days ago
- Hans India
US tariffs work as opportunity for India's supply chain: Industry
New Delhi: The United States' decision to impose a 25 per cent tariff on India should be seen not just as a challenge, but also as a major opportunity for the country, industry leaders said on Thursday. Speaking on the development, Ranjeet Mehta, CEO and Secretary General of the PHD Chamber of Commerce and Industry (PHDCCI) said that the higher duty is not limited to India, but also targets other major exporting nations such as China, Vietnam, and Bangladesh, with China and Vietnam facing even steeper tariffs. He noted that the US is recalibrating its trade policy, leading to a shift in global supply chains. Mehta admitted that Indian MSMEs and industries may face short-term difficulties due to the tariff, but in the long run, it could help India strengthen its position as a trusted global partner.
India.com
4 days ago
- India.com
Jet Engines, Warships And A Decade Of Trust: India and UK Lay Down A 2035 Defence Roadmap
New Delhi: India and the United Kingdom stepped into a long-haul partnership on July 30. A 10-year defence industrial roadmap was unveiled. The plan carries weight. It sets the tone for deeper defence collaboration. It ties into a broader vision. A strategic Vision 2035 between two partners who are leaning closer on security and technology. The announcement came through an official post. The British High Commission made the announcement on X. The roadmap has clarity – co-development, shared research and innovation in high-end defence systems. The plan looks at supply chain durability. It focuses on building complex weapons, touches jet and warship engine work and carries implications for both countries' national security landscapes. Where the Focus Lies Technology tops the list. Both nations have locked in programmes. The Electric Propulsion Capability Partnership (EPCP) is one and Jet Engine Advanced Core Technologies (JEACT) is another. These projects go deep. They sit at the core of complex military capabilities. There is attention on the sea too. A new centre is on the cards. A Regional Maritime Security Centre of Excellence will come up under the Indo-Pacific Oceans' Initiative. Its goal is capacity-building. The focus will be on countries in the Indian Ocean. It will deal with maritime threats. Not the usual ones. The non-traditional ones. The ones not found on charts or maps. Defence training will also shift. Joint drills will expand. Land, air and sea will see coordinated exercises. Military instructors will swap places. Training institutions in both countries will see new flags on campus. India will play a new role. It will become a regional logistics hub for U.K. forces. Research will not stay behind. The joint research and development (R&D) pipeline is opening. Underwater systems are on the agenda. Directed energy weapons are part of the vision. There is an academic angle too. Universities will enter the picture. Labs will turn into innovation clusters for defence. Cyber matters too. The roadmap includes digital frontlines. It aims to boost cyber resilience. There is also a mention of migration issues. Broader cooperation will take shape here. Long-Term, Not Quick Fixes The two nations are not rushing. The vision is paced for a decade. The commitment is steady. Officials on both ends see stability ahead. The plan supports a rules-based global order. It shows intent, not just optics. It is a layered move. India and the United Kingdom are now looking beyond purchases. They are opening doors to co-creation. Their strengths align. Their ambitions match. The next 10 years are mapped. The jet engines may hum soon. The warships may sail with shared parts. The trust, though, starts now. We're deepening collaboration in advanced technologies and complex weapons through programmes like Electric Propulsion Capability Partnership (EPCP) & Jet Engine Advanced Core Technologies (JEACT) Innovation and co-development are key priorities : @UKDefenceIndia — Alpha Defense (@alpha_defense) July 30, 2025
