Delhi has handled first weeks of a disruptive Trump 2.0 better than many others
bilateral trade agreement (BTA)' by Sep 2025 will require a harmonisation of Indian and American trade negotiators. In the past, this has resembled Superman meeting Kryptonite.
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To achieve an 'innovative, wide-ranging BTA… [that] will take an integrated approach to strengthen and deepen bilateral trade across the goods and services sector, and will work towards increasing market access, reducing tariff and non-tariff barriers, and deepening supply chain integration' by September 2025, when Trump is expected to visit India, is hard, though not impossible. Political and diplomatic urgency to crystallise a deliverable will perhaps prevail.
Frankly, failure or inordinate delay is not an option for a lot is at stake. The text of the joint statement indicates Trump has conceded language with that India can be comfortable, with the broader idea that he will get enhanced market access and a minimal deficit. He has agreed to:
Not just military sales but 'co-production with India to strengthen interoperability and defence industrial cooperation' as well as 'reciprocal supply of defence goods and services'.
'Large scale [nuclear] localisation and possible technology transfer', including for 'advanced small modular reactors'.
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