Archive · 19 Sep 2025
India Expects US Tariff Rollback, Stronger Rupee
The US and India are talking about trade tariffs, which are taxes on goods.
India's chief economic advisor, V. Anantha Nageswaran, thinks the US might remove extra tariffs on Indian goods by the end of November.
These extra tariffs were put in place because of India's oil purchases from Russia.
He also expects the regular tariffs to be reduced.
He's optimistic that this will improve trade between the two countries and boost India's economy, which is currently growing well.
Additionally, he anticipates the Indian rupee will be strong in the coming years.
CEA expects US penal tariffs on Indian goods to be withdrawn by November 30.
Discussions between India and US are underway.
Reciprocal tariffs might be reduced to 10-15%.
India's GDP grew 7.8% year-on-year in the first quarter.
The CEA predicts the Indian rupee will strengthen against the dollar.
- Who
- V. Anantha Nageswaran
- What
- India-US tariff discussions
- When
- Resolution expected within 8-10 weeks; penal tariff possibly by November 30
- Where
- Calcutta
- Why
- To resolve trade disputes and encourage economic growth
India
United States
Trade Practices
India
Seeks to resolve tariff disputes and promote trade.
United States
Imposed tariffs due to India's oil purchases
- Key Figure
- V. Anantha Nageswaran, CEA
- Penal Tariff Removal
- Expected after November 30
- Reciprocal Tariff
- Potentially reduced to 10-15%
- GDP Growth Q1
- 7.8% year-on-year
- Rupee Outlook
- Likely to strengthen against the dollar
Sources
Solution to tariff issues with US likely in eight to ten weeks: CEA
Solution to tariff issues with US likely in eight to ten weeks: CEA
India-US tariff stalemate likely to be resolved in 8-10 weeks: Chief Economic Advisor
Are India-US Trade Tensions Likely To End Soon? CEA V Anantha Weighs In
US May Remove 25% Penal Tariff On India After November 30: Top Official
India-US Tariff Issue Likely To Be Resolved Within 8-10 Weeks: CEA
US may drop 25% penalty, cut India tariffs to 10–15% amid trade talks, says CEA
India-US tariff standoff expected to be resolved within 8–10 weeks: CEA
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