India-US Trade Deal Analysis and Export Opportunities

This report analyzes the impending India-US trade deal, expected to be finalized in mid-July 2025. It outlines India's final proposal, which encompasses goods trade valued between $150 billion and $200 billion. The report discusses potential impacts of additional tariffs on India, indicating that despite challenges, India has avenues to diversify its exports. Notably, India's service exports reached a record high of $387.5 billion in 2024-25. The report identifies opportunities for India to increase its exports to the US, particularly in chemicals and apparel, as tariffs on competing countries rise. It also highlights the potential risks associated with opening India's agriculture and dairy sectors to US competition, which could threaten local livelihoods and lead to significant economic shifts. The analysis concludes with recommendations for India to enhance its export strategies, particularly in light of the changing tariff landscape and competitive advantages in specific sectors.