Business . Trade . Collaboration | Advocacy . Innovation . Policy . Partnership
Business . Trade . Collaboration | Advocacy . Innovation . Policy . Partnership
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India Chamber of Commerce USA
Feb. 7, 2026: Summary Report: India-US Interim Trade Agreement
Overview
The ITA framework addresses long-standing tariff barriers, enhances market access, and lays the foundation for deeper economic ties. The agreement protects sensitive domestic sectors in India while delivering significant gains for exporters, manufacturers, and service providers on both sides.
Key Provisions
The agreement has been structured to ensure no undue harm to Indian stakeholders while delivering tangible economic benefits.
Expected Timeline
The formal Interim Trade Agreement is expected to be signed in mid-March 2026, activating India's concessions and serving as the stepping stone to the full Bilateral Trade Agreement.
Read Joint Statements from: INDIA | USA
Republic World: India-US Release Interim Joint Statement
On The Historical Bilateral Trade Agreement, Republic World covers the details of the interim joint statement and its implications for bilateral trade.
Watch on YouTube
NDTV: Trump Trade Deal
Focuses on the substantial export advantages and tariff reductions for Indian industries.
Watch on YouTube
Launch of India-GCC
Free Trade Agreement Negotiations
February 5, 2026 – India and the Gulf Cooperation Council (GCC – comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates) signed the Terms of Reference (ToR), formally launching negotiations for a comprehensive Free Trade Agreement (FTA). Official Release Here.
Expected Timeline: Negotiations have begun; and talks are expected to progress swiftly.

In Summary:
Terms of Reference restart and formalizes FTA talks, aim agreement covering goods, services, investment, and economic cooperation. Bilateral trade reached approximately $179 billion in FY 2024-25 (India exports: ~$57-59 billion; imports: ~$120-122 billion, primarily energy). The FTA is expected to boost India's exports in sectors like food processing, petrochemicals, ICT, textiles, and gems/jewelers, while securing energy supplies and easing services trade for Indian professionals in the GCC.

Key Highlights
India Chamber of Commerce USA
EU–India State Visit & FTA | Key Takeaways (Jan 25–27, 2026)
The joint visit of EU leaders António Costa and Ursula von der Leyen marked a defining moment in EU–India relations—uniting symbolism with scale.
Why It Matters
This landmark deal positions India at the center of global supply chains and opens powerful opportunities for global and U.S.-based businesses.
Prime Minister Modi holds bilateral meeting with US Vice President, JD Vance
Prime Minister Modi meets Crown Prince of Dubai, Sheikh Hamdan Bin Mohammed Al Maktoum
The Budget aims to initiate transformative reforms in Taxation, Power Sector, Urban Development, Mining, Financial Sector, and Regulatory
With the summit drawing global leaders and policymakers, India was able to secure proposals worth over 20 lakh crore INR, emphasizing its strategic positioning on the world stage.
Maharashtra leading and finalizing agreements totaling 15.70 lakh crore INR [or USD 1.8 T] (MoUs), set to create approximately 16 lakh jobs across the state, underscoring the positive impact on local economies.
The Mahakumbh 2025 in Prayagraj, anticipated to attract over 400 million visitors, is not just a spiritual congregation but also a significant economic event. The retail and hospitality sectors, in particular, are gearing up to harness this opportunity, with projections indicating economic activity worth Rs 2-3 lakh crore.
IBEF: Revenue from India’s SaaS market is expected to grow from US$ 7.18 billion in 2023 to US$ 62.93 billion by 2032, indicating a CAGR of 27.3%. As of 2023, the country is home to more than one thousand SaaS companies with over 150 companies having annual revenues more than US$ 1 million.
Business Achievements Transform Global Standing
ICCUSA | April 27, 2025
Under the leadership of Prime Minister Narendra Modi, India has solidified its position as a global economic powerhouse through transformative business reforms and initiatives. Over the past decade, Modi’s policies have driven unprecedented growth, attracting investments and fostering innovation.
Highlights:
A Vision for Viksit Bharat
These achievements reflect PM Modi’s vision of a developed India (Viksit Bharat) by 2047, aligning with the India Chamber of Commerce USA’s goal of strengthening bilateral economic ties. As India continues to innovate and grow, US businesses are encouraged to explore opportunities in this dynamic market. For more details, visit indiachamber.org and drop us a line through our Contact Page.

Changing Skylines of Mumbai.
Photo courtesy of Getty images via Unsplash.

A significant opportunity for businesses, exporters, and investors in both countries to expand collaboration and drive mutual prosperity.