India–US Trade Deal Nearing Closure; Tariffs on Indian Goods Could Fall to ~15-16 %

Reports indicate that the United States and India are close to finalising a landmark trade deal: the U.S. may reduce tariffs on Indian exports — currently as high as ~50% — to around 15-16%, in exchange for India curbing its imports of Russian crude oil over time. The pact would signal deeper strategic alignment and open new avenues for Indian exporters, especially in textiles, jewellery and specialty chemicals. Markets are watching for formal announcement; analysts say clarity could improve export-sentiment for Indian equities and global-trade themes.