India Makes History: Signs Five Major Trade Deals in a Year, Accounting for Over 50% of Global GDP
New Delhi: India has achieved a historic milestone in its economic history by signing five major trade deals in a single year, collectively accounting for over 50% of global GDP. The latest agreement with the United States marks a significant step in strengthening bilateral trade relations and comes after months of negotiation between the two countries.
Historic India-US Trade DealThe U.S. President, Donald Trump, spoke with Prime Minister Narendra Modi and agreed to reduce tariffs on Indian goods from 25% to 18%. Additionally, the U.S. will lift the extra 25% tariff imposed on Russian oil imports, benefiting India’s trade landscape. The United States is India’s largest trading partner, accounting for around 20% of India’s total exports and 6.3% of imports in the 2025 fiscal year. The c...









