India-United States (US) Relations: Everything You Need to Know

Reading Time: 8 mins

India and the US in the recent trade negotiations in New York have failed to even arrive at a limited trade deal. The deal staggered over the duties imposed by India on Information and Communication Technology Products. The US wanted the 20% duty on mobile and ethernet switches to be reduced or eliminated. Also, America had called for greater access to the Indian market for medical devices, diary and agricultural products. These are sensitive products in the political perspective for India as the current government has promised to make them affordable. If the Indian government loosens trade restriction on these products, the price of these products will be increased. India, on the other hand, had called for the restoration of the Generalised System of Preferences. As for the full-scale trade talks, it would involve sensitive issues like H1B visas, intellectual property and e-commerce. Currently, even limited trade deal between India and the United States seems to be a challenge. Both sides must put aside these minor differences for achieving the common strategic interests of both the nations.