Strategic imports ease trade deal fears

AsIndiaandtheUS move closer toa bilateral trade agreement, import commitments will be key to its domesticimpact in New Delhi.

- Dhirendra Kumar

India plans to import about $500 billion worth of goods from the US over the next five years.

(BLOOMBERG)

Sincemostimportsfromthe US arecapital-intensiveand strategic, expertsbelievethe deal will not put pressure on India’s labour-intel sectors, even astrade increases.

India plans to import about $500 billion worth of goods from the US over the next five years. Both sides aim to boost bilateral trade to $500 billion from the current $132 billion, which includes$86.5billion in exports and $45.6 billion in importsin FY25,asperthe joint statement on7 February.