
Commerce Minister Piyush Goyal says India is "very close" to concluding a trade agreement with the US, but insists the deal must provide Indian exporters a tariff advantage over competing economies.

Domestic passengers could be the first to benefit if carriers proceed with the move, as airlines assess market conditions and the sustainability of lower fuel costs.

With a temporary US tariff regime set to expire next month, India and the United States are accelerating negotiations on an interim trade agreement that could pave the way for a broader trade pact.

Eligible vehicle owners will receive manufacturer discounts, interest subsidies, fuel vouchers, and tax concessions to encourage the transition to cleaner BS-VI and electric commercial vehicles.

The exporters' body said the agreement is expected to ease maritime disruptions, reduce freight and insurance costs, and improve trade flows through the Strait of Hormuz, benefiting India's export-oriented sectors.
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New Delhi pushes for higher tariff-free access to protect steel exports, warns of retaliatory action as UK restrictions threaten gains from the free trade pact.

During a meeting with Prince Albert II in France, Commerce Minister Piyush Goyal discussed expanding bilateral collaboration in sustainability, the blue economy, innovation and advanced technologies while highlighting India's growing global innovation ecosystem.

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