As trade talks commence, India remains hopeful of escaping reciprocal tariffs from US from April 2

India is hoping for mutual tariffs from mutual tariffs, which will impose the United States from April 2 for mutual tariffs.

On Wednesday, official talks between India and the United States began with high-ranking officials sitting on the table with senior officials of the table to start discussions on the outlines of the trade deal, including the terms and conditions. The two countries hope that the first tranche of the contract will be completed by the fall of 2025.

According to sources, India has already mentioned the products on which it is ready to lower tariffs. These include a number of products from the United States, including cars, bicycles and wines and alcohol, as well as some farm products from the United States.

According to sources, India hopes that the initial proposal, as well as the ongoing negotiations, will return to the mutual tariffs that US President Donald Trump plans to force the next month.

A group of US officials, US Secondary and Central Asian Assistant Brentan Lynch, along with the US government’s team, visits India on March 25-29.

“As directed by the leaders of the two countries, India is committed to working and integrating the supply chain between the two countries to improve the United States. Visit:

Prime Minister Naryidra Modi Washington to meet Washington’s visit to Washington, two countries have agreed to work on BTA and deepen bilateral trade to $ 500 billion.

The report of EMKAY GLOBAL Financial Services appeared that India could lose about $ 6 billion (0.16% GDP) in US exports (at 10% wide tariffs) increases about $ 31 billion.

“Before the nature of the implementation of mutual tariffs is not clear, we believe that the US country’s wide range of the United States is most likely the scenario, which is given to the sphere / trademark tariffs. While India can be among the worst hit nations, the main sensory areas of the car, Pharma, electronics are much better placed than fear and jewelry are most discover.

India’s total exports in FY24 amounted to $ 77.5 billion (2.1% of GDP); The frequency of the founded areas is about 1.1% of GDP.