In this discussion, the focus is on the landmark India-United States trade framework agreement. Dr. Rishabh Gulati, Distinguished Professor at ICRIER, analyzes the implications for India’s sensitive sectors, stating, ‘It’s a very balanced deal’ and noting that Indian negotiators have ‘played it pretty safe.’ The discussion highlights that while tariffs on tree nuts like walnuts and almonds will see adjustments, the dairy sector remains unmentioned in the joint statement, and direct imports of GM crops have been avoided. Dr. Gulati explains that the import of dried distillers grain (DDGs) will likely benefit the domestic poultry and dairy industries by improving productivity. The panel, including former diplomats and trade experts, further explores the ‘give and take’ nature of the pact, the reduction of Trump-era tariffs on labor-intensive sectors like textiles, and India’s commitment to purchase $500 billion in US energy and tech products over five years. The programme evaluates whether this historic deal maintains India’s manufacturing interests while fostering a strategic economic partnership.
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