India-US Trade Deal: U.S. Shares Its “Wish List,” India Agrees to Buy $500 Billion in Goods

New Delhi: After months of negotiations, India and the United States have finalized a highly anticipated trade deal, being hailed as the “Father of All Deals.” The agreement sets a target of $500 billion in bilateral trade by 2030 and includes a detailed “wish list” from the U.S. regarding products India may purchase.

Key Highlights of the Deal

U.S. President Donald Trump personally announced the agreement, stating that U.S. tariffs on Indian goods have been reduced from 25% to 18%. Trump further expressed hope that India could purchase up to $500 billion worth of U.S. products, including agricultural items. The opposition raised strong objections in Parliament over the deal.

According to a Reuters report citing a government official, India has agreed to buy petroleum, defense equipment, electronics, pharmaceuticals, telecom products, and aircraft from the U.S. Additionally, India has allowed U.S. exporters market access for select agricultural products. Officials noted that this is the first phase of the agreement, with broader negotiations expected in the coming months.

Reducing the U.S. Trade Deficit

The official added that India’s purchases are intended to help reduce America’s trade deficit with India. While the Ministry of Commerce did not immediately respond to queries, Trump confirmed that India has agreed to import larger volumes of U.S. goods, spanning energy, coal, technology, agriculture, and other sectors.

Bilateral Trade Performance

According to the Commerce Ministry, India’s exports to the U.S. increased 15.88% to $85.5 billion between January and November 2025, while imports from the U.S. totaled $46.08 billion during the same period.

This landmark deal is expected to boost trade ties, enhance market access for U.S. goods, and provide Indian industries with predictable tariff structures for future commerce.