Despite months of negotiations, a comprehensive trade agreement between India and the United States has not yet been finalised. Talks have continued through high‑level meetings and negotiating teams from both sides, but major differences remain on core issues such as tariffs, market access, and sensitive sectors like agriculture and automobiles. India has resisted opening up certain sectors to US agricultural goods and has maintained protective tariffs, while the US has sought broader access to Indian markets — a key sticking point in the talks.
The Indian government has emphasised that a deal will only be signed when it is mutually beneficial and not under deadline pressure, reflecting a cautious stance in negotiations.
India’s Chief Economic Adviser has noted that while many issues are nearing resolution, the timeline remains uncertain and geopolitical factors, not just economic ones, have contributed to delays. Officials have indicated it’s possible the deal could be finalised by March 2026, but clarity is still pending.
In the meantime, steep US tariffs (up to 50 %) on Indian goods and broader trade tensions have impacted exports and exchange rate dynamics, keeping both sides engaged but cautious.
Kai mahino ki negotiations ke baad bhi, India aur United States ke beech ek comprehensive trade agreement abhi tak finalise nahi hua hai. Dono taraf ke high‑level meetings aur negotiating teams ke efforts ke bawajood, core issues jaise tariffs, market access, aur sensitive sectors (agriculture aur automobiles) par major differences abhi bhi hain. India ne kuch sectors ko US agricultural goods ke liye open karne se mana kiya hai aur protective tariffs maintain kiye hain, jabki US ne Indian markets ke liye broader access maanga hai — yeh talks ka key sticking point bana hua hai.
Indian government ne emphasise kiya hai ki deal tabhi sign kiya jaayega jab dono sides ke liye mutually beneficial ho, aur kisi deadline pressure mein nahi, jo unke cautious negotiation stance ko dikhata hai.
India ke Chief Economic Adviser ne note kiya hai ki kai issues resolution ke kareeb hain, lekin timeline abhi uncertain hai aur delays mein sirf economic nahi, geopolitical factors bhi contribute kar rahe hain. Officials ne indicate kiya hai ki deal March 2026 tak finalise ho sakti hai, lekin abhi clarity pending hai.
Is beech, US ke steep tariffs (50% tak) on Indian goods aur broader trade tensions ne exports aur exchange rate dynamics ko impact kiya hai, jis se dono sides engaged par cautious bane hue hain.
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