India-US Trade Deal HIGHLIGHTS: S Jaishankar meets Marco Rubio to discuss trade, energy, nuclear, defence, critical minerals, tech

India-US Trade Deal News: Moscow says not heard any statements on India stopping Russian oil purchases 

Moscow has said that it has heard no statements from New Delhi about India stopping its oil purchases from Russia. The development assumes significance as US President Donald Trump has claimed that India has agreed to stop Russian oil purchases under the India-US trade deal.

Kremlin spokesman Dmitry Peskov has reportedly said Russia is carefully analysing Trump's remarks on relations with India."We respect bilateral US-Indian relations," says the spokesperson.

India emerged as the top buyer of discounted Russian oil after Moscow's invasion of Ukraine in early 2022, drawing criticism from the West. 

India-US Trade Deal News LIVE: Agreement brings tremendous opportunity to India, says trade minister

Stating that the trade agreement brings tremendous opportunity to India, Piyush Goyal says that it is the best deal compared to all its neighbours.

"This is a great deal for all of us," he adds.

India-US Trade Deal News LIVE: Agreement to lead to technology & investment inflows

The trade minister says the deal between both countries is expected to attract: 

• Advanced technologies
• Data centers
• Global capability centres
• Supply-chain integration
• Semiconductor & AI sector collaboration

India-US Trade Deal News LIVE: India & US to issue a joint statement soon

Trade minister Piyush Goyal says that both sides will be releasing technical details of the deal through a formal India-US joint statement once final processes are completed.

India-US Trade Deal News: Agreement protects sensitive sectors, says Piyush Goyal 

Trade minister Piyush Goyal says that Rahul Gandhi is misleading the country over this deal.

Sensitive sectors have been protected in the trade deal with the US, which is a positive signal for labour-intensive sectors, says the minister. 

India-US Trade Agreement News: Deal opens up opportunities for India to get best-in-class technologies to further power India growth story, says Piyush Goyal

Piyush Goyal says that the US-India trade deal "opens up opportunities for India to get best-in-class... world class technologies to further power the India growth story: the Indian economy". 

Here are some of the key points that he states:

• Prime Minister Modi has struck a deal with the US on the strength of his friendship
• India has secured the best deal compared with its neighbouring and competing countries 
• The agreement was discussed for months, covering several complex issues 
• Tariffs had a major impact on the textile and marine sectors 
• The reduction in tariffs will bring new opportunities for all these sectors 

India-US Trade Agreement News: Deal opens up opportunities for India to get best-in-class technologies to further power India growth story, says Piyush Goyal

Piyush Goyal says that the US-India trade deal "opens up opportunities for India to get best-in-class... world-class technologies to further power the India growth story: the Indian economy". 

Here are some of the key points that he states:

• Prime Minister Modi has struck a deal with the US on the strength of his friendship
• India has secured the best deal compared with its neighbouring and competing countries 
• The agreement was discussed for months, covering several complex issues 
• Tariffs had a major impact on the textile and marine sectors 
• The reduction in tariffs will bring new opportunities for all these sectors 

India-US Trade Deal News: Rahul Gandhi misleading India over this deal, says Piyush Goyal

Accusing Rahul Gandhi of misleading the country over the deal with the US, Piyush Goyal says that the country's economy was reduced to the Fragile Five during the UPA regime.  

India-US Trade Deal News: Deal will make every Indian proud, it protects their interests, says Piyush Goyal

India-US Trade Deal Update: Piyush Goyal says PM has concluded an opportunity-rich deal 

The prime minister, says Piyush Goyal, has concluded an opportunity-rich deal for India.

"Rahul Gandhi and his team insulted the Chair in Parliament... I strongly condemn this," says the trade minister. 

India-US Trade Deal News: Piyush Goyal says work underway on final details

Stating that work is underway on the final contours of the India-US deal, trade minister Piyush Goyal says that the final details will be shared in a joint statement by both sides soon.

India-US Trade Deal Update: Piyush Goyal addresses media, thanks PM Modi for finalising excellent trade deal

Union Commerce and Industry Minister Piyush Goyal thanks Prime Minister Narendra Modi for finalising a great trade deal with the US. 

The PM has secured a deal that took several rounds of negotiations between both sides, he says. 

This deal adds new a new dimension to India's future, says Goyal. 

India-US Trade Deal Impact: Agreement structurally positive for India's medium-term growth, external stability, say analysts

The trade deal is structurally positive for India's medium-term growth and external stability, with improved market access and tariff certainty likely to boost exports, support manufacturing investment, and strengthen FDI inflows, according to analysts at Axis Securities.

Here are some key points from the report: 

• Deal particularly positive for export-oriented sectors with meaningful exposure to the US
• Sectors that stand to benefit from improved market access, tariff rationalisation and greater supply-chain certainty:
  • Textiles
  • Chemicals
  • Pharmaceuticals
  • Auto ancillaries
  • IT services
  • Select industrials
• Over time, higher order inflows, better capacity utilisation and improved earnings visibility could support sustained growth and valuation re-rating for these sectors

Read more

India-US Trade Deal Reaction: NDA hails PM’s trade deals, Centre to issue suo motu statement on India-US pact soon

Union Parliamentary Affairs Minister Kiren Rijiju hails Prime Minister Narendra Modi’s leadership in securing trade agreements with 39 developed countries, saying that NDA MPs congratulated the PM for the recent deals.

These deals, he says, will “greatly benefit the common people”.

Deals with 39 developed countries show that under the PM’s leadership, developed nations want to work with India as partners, he says.

Read more

India-US Trade Deal Impact: Risk of frequent policy threats now out of the way, says market guru

According to market guru Anil Singhvi, the India-US trade deal removes the risk of frequent policy threats and statements from the Trump administration that have been creating pressure on markets and exporters.

He also says that the pact could also help stabilise the rupee at a time when global currency markets remain volatile.

The falling rupee gets some support on the global front, he adds. 

India-US Trade Deal LIVE: US deal to further expand & deepen trade between 2 largest economies, says Revenue Secretary

Revenue Secretary Arvind Shrivastava says the India-US trade deal will further expand and deepen trade between two of the largest economies in the world.

It will create more opportunities for our labour-intensive and manufacturing sectors in the US market and give impetus to mutually-beneficial collaboration in high and advanced technology sectors, says Shrivastava. 

India-US Trade Deal News: Take a look at key beneficiaries in listed space

SAMCO Securities Research Analyst Jahol Prajapati shares a list of companies from these sectors that stand to gain the most from improved price competitiveness and potential volume expansion following the tariff reduction.

The trade deal is expected to materially benefit export-oriented sectors with high exposure to the US market, he says. 

India-US Trade Deal News: Market rally so far should be viewed as beginning, not end

In conversation with Zee Business Managing Editor Anil Singhvi, market veteran Gurmeet Chadha says that the rally on Dalal Street so far should be viewed as the beginning, not the end.

Chadha says that markets often make a large part of annual returns in just a few sessions, days that need conviction and optimism. 

The current move, to him, looks sharp only because India has underperformed global markets for months.

“A bigger part of the move is still left,” he adds. 

US-India Trade Agreement LIVE: Goldman Sachs raises India's real GDP growth forecast by 20 basis pts

Goldman Sachs has raised its CY26 real GDP growth forecast for India by 20 basis points (bp) to 6.9 per cent.

India-US Trade Market Reaction: Rupee strengthens vs dollar amid deal optimism

The rupee appreciates sharply against the US dollar, rising to as high as 90.06 in intraday trade so far, while the yield on the domestic 10-year benchmark bond declines by 5 bps to 6.72 per cent. 

The rupee is supported by US-India trade deal announcements and the recovery in the domestic equity markets, according to Manoj Kumar of Prithvi Finmart, who expects the rupee to remain volatile this week, amid volatility in the dollar index and in the domestic equity markets, and geopolitical tensions.

He expects the USD-INR pair to trade in the range of 89.8000-93.4000 during the week.

India-US Trade Deal Reaction: Deal brings together two natural partners, says Anand Mahindra 

Mahindra Group Chairman Anand Mahindra says that once the dust settles, two natural partners will come together through this deal.

The deal underlines the long-term strategic alignment between India and the US, according to Mahindra. 

India-US Trade Deal Reaction: A significant milestone that unlocks immense opportunities for investments & growth, says Sunil Bharti Mittal 

Described the agreement as "much-awaited" and transformational for both economies, Bharti Enterprises Founder and Chairman Sunil Bharti Mittal says that it marks a significant milestone that unlocks immense opportunities for investments and growth.

The flurry of free trade agreements is a clear affirmation of India's central role in global frameworks aimed at building resilient international trade patterns, he adds.

US-India Trade Deal Reaction: A decisive win for certainty, removes key overhang for Dalal Street, says Aditya Birla Sun Life AMC's A Balasubramanian 

Describing the India-US trade agreement as "a decisive win for certainty" that removes "a key overhang for Indian markets", Aditya Birla Sun Life AMC CEO and MD A Balasubramanian says that the development, coming on the heels of a strong Budget, materially improves visibility on capital flows, the rupee and manufacturing investments.

The 18 per cent tariff, which is below Vietnam’s 20 per cent, sharply improves India’s relative competitiveness as a China-plus-one destination. The resolution is likely to reverse foreign outflows, support the rupee, and unlock nearly $100 billion of deferred investments," he says.

According to Balasubramanian, for investors, the bigger signal is predictability. "Businesses can pivot from tariff risk to execution and capacity building. While the $500 billion purchase commitment still needs clarity, the settlement strengthens India’s credibility as a stable trade partner and sets the stage for a sustained mutual growth," he adds. 

India-US Trade Deal Reaction: INR has borne large part of tariff overhang, some of this noise could subside, says economist

The rupee has borne a large part of the tariff overhang, being the worst-performing emerging market currency so far this financial year, with a negative feedback loop hammering rates markets, equities and eventually policymaking, says Madhavi Arora of Emkay Global Financial Services. "Some of this noise could subside and possibly lead to a reversal of capital inflows. However, we note a chunk of capital outflows has also been through FDI repatriation (largely PE exits) and not just FPI outflows," she says. 

While INR reverses some of its losses, the rates market overhang is beyond merely the INR and is more structural, implying some stickiness after a mild rally, especially as the RBI nears the end of its rate-easing cycle, adds the economist. 

India-US Trade Deal Reaction: Textiles minister says lower tariffs on Made in India goods to benefit all sectors

Union Textiles Minister Giriraj Singh highlights that the lower US tariff on Made in India products will benefit all sectors, in addition to textiles, while boosting trade, employment and innovation across both sides.

Truly mutually beneficial partnership: Giriraj Singh on India-US trade deal

"When two great democracies work together, global prosperity follows," he writes on X (formerly Twitter). 

India-US Trade Deal LIVE: No impact on drug makers? Anil Singhvi weighs in

Market guru Anil Singhvi says that although pharmaceutical companies makers were not subject to tariffs earlier, the deal puts to rest growing concerns about the risk of fresh tariffs for the sector.

This risk has finally been eliminated, says Singhvi. Read more

India-US Trade Deal Impact: D-Street bulls rescued from Budget Day blues; investors gain Rs 17.7 lakh crore

On Monday, Dalal Street bulls recovered nearly half of their Budget Day losses. And with today's market recovery, thanks to the US trade deal, investors have more than recovered Budget Day-linked losses since the closing of trade on February 1 -- the day the finance minister unveiled Budget 2026. The market cap of BSE-listed companies has bounced back by an estimated Rs 17.7 lakh crore since the closing bell on February 1, provisional exchange data shows. Read more

On Sunday, benchmark indices Sensex and Nifty50 tanked nearly two per cent with investors gauging the potential impact of Budget announcements on the economy and on the markets. That day, announcements like a proposed significantly higher STT for futures and options (derivatives) traders battered sentiment on Dalal Street.       

Catch latest market updates here

US-India Trade Deal Impact: Meaningful positive for rice trade with record production in India, say rice exporters

Rice exporters' body IREF says that the deal brings a meaningful positive for Indian rice exports at a time when India is entering the season with record production of approximately 149 million metric tonnes, with strong availability and resilient domestic fundamentals.

India’s rice exports to the US rose despite a steep increase in duty -- from 10 per cent initially to 50 per cent, underscoring that Indian rice remains essential for buyers and consumers. This trend, says IREF, reinforces its view that the country's competitiveness is structurally strong and that tariff parity will translate quickly into higher volumes and improved price positioning.

IREF will continue to engage with stakeholders to ensure exporters are prepared for any procedural changes and to support stable, rules-based trade that benefits consumers and supply chains, says Vice President Dev Garg.

India-US Trade Deal Impact: Titan, BHEL, KRBL, Waaree Energy, other companies in spotlight 

Market guru Anil Singhvi has identified the following companies among key beneficiaries of the US trade deal.  

Gems and jewellery

• Titan is expected to benefit from the deal

Agriculture and seafood 

• 35 per cent of India's agri and seafood exports go to the US
• Apex Frozen, Avanti Feeds, KRBL and LT Foods are key beneficiaries

Renewables and solar equipment

• Waaree Energy, Premier Energy, Tata Power and Borosil Renewables

Furniture and wood products

• Greenply and CenturyPly

Auto ancillaries

• Sona BLW, Motherson Sumi, Samvardhana Motherson, Bharat Forge, Endurance Technologies and Sundaram Fasteners

Mechanical and engineering, nuclear reactors

• BHEL, L&T, Thermax and ABB

US-India Trade Deal Update: India-US critical minerals meeting schedule 

Top US officials will be making opening remarks at the event, starting at 9 am (local time):

• US Vice President JD Vance
• Secretary of State Marco Rubio
• Special Assistant to the President of the United States and Senior Director for Global Supply Chains David Copley
• Under Secretary of State for Economic Affairs Jacob Helberg

Schedule

• 10:15 am: Secretary Rubio to host a press availability (open to ministerial credential holders) 
• 11:50 am: Secretary Rubio and visiting heads of delegation to participate in the Critical Minerals Ministerial family photo (open to ministerial credential holders) 

US-India Trade Deal Update: S Jaishankar to participate in key critical minerals meeting on Feb 4 

External Affairs Minister S Jaishankar will be representing India at a key meeting on critical minerals on February 4. 

On February 4, US Secretary of State Marco Rubio will host the inaugural Critical Minerals Ministerial at the Department of State in Washington, DC.

The US will welcome delegations to advance collective efforts to strengthen and diversify critical minerals supply chains, reads an official communication. "This historic gathering will create momentum for collaboration to secure these critical components vital to technological innovation, economic strength, and national security," it adds. 

India-US Trade Deal Impact: Watershed moment for India, a major boost for brand Made in India, says SpiceJet's Ajay Singh

Describing the finalisation of the India-US trade deal as a "watershed moment for our nation and a major boost for the 'Made in India' brand", SpiceJet CMD Ajay Singh says that this landmark agreement is "a testament to the inspiring and decisive leadership of Prime Minister Narendra Modi, who has navigated complex global challenges with confidence and determination while keeping the interests of India’s 1.4 billion citizens firmly at the forefront". 

India-US Trade Deal Reaction: Clearing deal overhang positive for exports, sentiment, real economy, financial markets, says economist

"Clearing of the deal overhang is positive for exports, sentiment, real economy and financial markets, while policy visibility will improve, especially on the monetary front," says Madhavi Arora, Lead Economist, Emkay Global Financial Services. 

"The deal removes the huge uncertainty over India’s exports. However, the deal should not make us complacent on strategizing our terms and maintain transactional flexibility with RoW, while also pushing scale in a few key verticals and improving export efficiencies. We will revisit our FY27 CAD (1.2%) and GDP (6.5%) estimates as details emerge," she adds. 

India-US Trade Deal Impact: Indian products' global competitiveness to be enhanced, says CII's Rajiv Memani

CII President Rajiv Memani says that the expected reduction of the US tariff of 18 per cent on Indian goods marks a significant step forward in the strategic economic partnership between both sides. 

"This move will enhance the global competitiveness of Indian products while catalysing manufacturing growth, employment creation, and the development of resilient supply chains. The India-US trade deal underscores the shared commitment of India and the United States to deepen trade, technology and investment ties in an increasingly competitive global landscape. CII looks forward to continued engagement with business stakeholders in both countries to translate this momentum into tangible outcomes for businesses and sustained economic growth," adds Memani. 

India-US Trade Deal Impact: India set to enjoy lowest US tariff among textile exporters

According to market guru Anil Singhvi, India is set to enjoy the lowest American tariff among countries exporting textiles to the US.

Here's what the market wizard thinks:

• US accounts for 28% of India's outward textile shipments
• India's textile exports to the US are estimated at Rs 1,000 crore

India-US Trade Deal Reaction: A big win for businesses, supply chains, India-US-partnership, says NSE CEO

National Stock Exchange CEO Ashish Chauhan writes on X: "A big win for businesses, supply chains, and the India–US partnership. Kudos to the teams involved in bringing this historic deal to a close."

India-US Trade Deal Reaction: Reduced tariffs to help in strengthening strategic & economic ties between both nations, says Kumar Mangalam Birla

Praising Prime Minister Narendra Modi and US President Donald Trump for their trade announcements, Aditya Birla Group Chairman Kumar Mangalam Birla says the reduced tariffs will help in providing additional opportunities for investment and collaboration on both sides.

"The Aditya Birla Group is the largest Indian investor in the US, and we see this agreement help shape more resilient supply chains, unlock manufacturing opportunities and drive long-term economic competitiveness in both the US and India. We are committed to expanding our presence and investments in the US, where we see substantial opportunities for innovation, growth and enduring partnerships," he adds. 

 

India-US Trade Deal LIVE: Final tariff for India confirmed at 18%

"I can confirm that the final tariff (for India) will be 18 per cent," the US Embassy tells Zee Business. 

India-US Trade Deal Impact: India exports $15-billion electronics & consumer durables 

India is one of the major exporters of electronics and consumer durables to the US, with annual shipments estimated at around $15 billion.  

According to market guru Anil Singhvi, within this space, major beneficiaries of the trade deal development include major beneficiaries include Dixon Tech, Amber, Kaynes Tech and Syrma SGS. 

India-US Trade Deal Impact: Anil Singhvi decodes impact on Indian textiles space

Here's what the market guru thinks:

• India will now have the lowest tariffs among all countries exporting these goods to the US
• The US accounts for 28 per cent of India’s textile exports
• Textile exports to the US are around Rs 1,000 crore
• Companies such as Gokaldas Exports, SP Apparels, Indocount and Welspun Living stand to benefit significantly

India-US Trade Deal Reaction: Tariff cut a game-changer for glass manufacturing space, says HNGIL's Suraj Mehta 

 The tariff cut to 18 per cent is a game-changer for India's glass manufacturing sector, particularly for container glass exports to the US, where demand in segments like food and beverages, pharmaceuticals and cosmetics packaging is robust, says Suraj Mehta, chief strategy officer, HNGIL. This ensures a level-playing field against subsidised imports from countries like China, "potentially increasing our export volumes by 20-30 per cent in the coming years", he says. 

"For container glass manufacturers, this means enhanced revenue streams, opportunities to ramp up utilization at our state-of-the-art facilities, and strategic investments in sustainable production technologies like recycled glass cullet to meet global standards.On a broader note, it could stimulate domestic demand through stronger economic ties, benefiting ancillary industries and job creation in manufacturing hubs. We're optimistic this will contribute to India's goal of becoming a $1 trillion export economy, with the glass sector playing a key role," adds Mehta. 

India-US Trade Deal Impact: Anil Singhvi identifies key Indian sectors and stocks likely to benefit   

• Textiles
• Electronics and consumer durables
• Gems and jewellery
• Agricultural goods and seafood 
• Renewables and solar equipment
• Furniture and wood products
• Auto ancillaries
• Mechanical and engineering, nuclear reactors
• Pharma companies

India-US Trade Deal News: Item-wise tariff rates expected in 3-4 days, say sources

Analysts say that with uncertainty around the India-US trade deal now out of the way, the focus will shift to the fine print of the agreement in the coming days.  

According to sources, item-wise tariff rates are likely to be announced over the next 3-4 days.

Several US senators and Cabinet secretaries may visit India over the next two weeks, when more clarity on the deal is expected to emerge, say the sources.  

Clarity will also likely emerge on America's claims related to sectors where India did not appear to be prepared earlier, they add. 

India-US Trade Deal LIVE: Market guru Anil Singhvi says India has finalised 'father of all deals' with US

Zee Business Managing Editor Anil Singhvi says that the India-US trade deal is extremely positive for Dalal Street. 

Firstly, the deal removes uncertainty around India-US trade, he says. 

US-India Trade Deal Impact: Rice exporters cheer 18% US tariff move, eye better competitiveness, stronger demand

Welcoming the development, industry body Indian Rice Exporters Federation (IREF) says that the deal will lead to a wave of positive sentiment across the rice export industry, with tariff parity expected to translate into improved competitiveness and stronger demand in key markets.

This is a meaningful positive for Indian rice exports at a time when India is entering the season with record production of approximately 149 million metric tonnes, strong availability, and resilient domestic fundamentals. Indian agri products continue to hold an indispensable position in global supply chains, and recent shipment patterns suggest clear demand resilience even under sharply higher duties, it notes. 

India-US Trade Deal: US Agriculture Secretary lauds India deal

Thanking US President for the landmark deal with India, US Agriculture Secretary Brooke Rollins takes to X to say that the American president has once again delivered for American farmers.

She says: 

• New US-India deal to export more American farm products to India's massive market
• Deal will lift prices
• It will pump cash into rural America
• In 2024, America’s agricultural trade deficit with India was $1.3 billion
• India’s growing population an important market for American agricultural products
• This deal will go a long way to reducing this deficit

India-US Trade Deal LIVE: Centre may respond in Parliament today

The central government may respond on the US trade deal matter in Parliament tentatively this afternoon, according to sources.

Commerce Minister Piyush Goyal is expected to make a statement in the Lok Sabha, they add. 

India-US Trade Deal LIVE Update: Delighted that 'Made in India' goods will be charged 18% tariff by US, tweets PM Modi

Stating that it was "wonderful" to speak with his "dear friend President Trump", PM Narendra Modi writes on X (formerly Twitter) that when two large economies and the world’s largest democracies work together, it "benefits our people and unlocks immense opportunities for mutually beneficial cooperation".

PM Modi also writes:

• President Trump’s leadership is vital for global peace, stability and prosperity
• India fully supports his efforts for peace
• I look forward to working closely with him to take our partnership to unprecedented heights

Welcome to Zeebiz.com's LIVE updates on India-US Trade Deal

• India-US finalise much awaited trade deal
• Wonderful to speak with my dear friend President Trump: PM Narendra Modi
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• PM Modi & I get things done: Donald Trump
• POTUS mentions friendship and respect for PM Modi, calls PM one of his greatest friends
•  
• Trump says he discussed trade and ending Russia-Ukraine war with Modi
• When the world’s largest democracies work together, it benefits our people and unlocks immense opportunities for mutually beneficial cooperation: PM Modi