Donald Trump said the two countries could make a 'tremendous' trade deal during his India visit but indicated that talks on this might slow down if he didn't get a good deal.
A trade deal, even a small one, with India comprising greater market access for the US is likely to help Donald Trump further consolidate his position in an election year.
Responding to a question at IMF headquarters, Finance Minister Nirmala Sitharaman said a totalisation agreement with the US has always been on the cards.
During a joint session at India Economic Summit, both ministers had a stern exchange of words over some of the Indian polices and regulatory mechanisms.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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