Overview

• India is on track to finalize the first phase of a bilateral trade agreement with the United States by September–October 2025.
• Negotiations with the European Union and the United Kingdom are being fast-tracked, with a goal to conclude deals by the end of 2025.
• Finance Commission Chairman Arvind Panagariya highlighted India’s opportunity to benefit from US-China decoupling and trade restrictions on other Asian nations.
• The prospective US trade deal is expected to attract manufacturing investments and drive domestic reforms in labor and land markets.
• India’s broader trade strategy aligns with its long-term vision of achieving 'Viksit Bharat by 2047,' requiring sustained economic growth.