Overview

• Finance Minister Nirmala Sitharaman highlighted India's commitment to addressing global trade challenges through policy agility and long-term investments at the Bombay Stock Exchange's 150th anniversary event.
• Indian financial markets have demonstrated resilience, with domestic institutional investors transitioning to dominant roles, reflecting market maturity amid global uncertainties.
• The U.S. has granted a 90-day pause on reciprocal tariffs for India, providing temporary relief for exporters and buyers to adjust to potential cost increases.
• India and the U.S. are progressing on a Bilateral Trade Agreement, targeting the first phase's completion by fall 2025, with an ambitious goal of $500 billion in bilateral trade by 2030.
• India is leveraging exemptions on U.S. electronics tariffs and identifying competitive advantages in key sectors, including apparel, chemicals, and electronics, to boost exports.