Understanding the India–US interim trade agreement with Manoj Mishra

Grant Thornton Bharat’s PolicyCast is your window into policy, tax, and regulatory developments. Each episode features expert perspectives on issues that matter to businesses, individuals, and the wider economy.

What does the interim India–US trade agreement really change for Indian businesses?

In the latest episode of #GTBharat’s PolicyCast, Manoj Mishra, Partner and Tax Controversy Management Leader, discusses the implications of the newly finalised interim trade agreement between India and the United States, including the withdrawal of additional 25% penalty and the proposed reduction in reciprocal tariffs on Indian goods to 18%.

The conversation focuses on:

• How lower US tariffs alter competitiveness for Indian exporters across sectors.
• Sector-specific gains for manufacturing, processed foods, cosmetics and consumer-facing brands.
• Impact of tariff relief and quotas on aircraft parts, auto components and generic pharmaceuticals.
• Trade-offs linked to India’s commitments on industrial and agricultural imports.
• Why non-tariff barriers, rules of origin and documentation diligence matter as much as tariff cuts.
• Key considerations for businesses navigating compliance, supply chains and long-term trade strategy.

Listen to the full episode for practical perspectives on how this interim agreement reshapes export economics, market access and risk considerations for Indian companies.

Listen now on:

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