India-US trade deal, Feb. 11 -- After months of uncertainty, the India-US trade impasse has eased following an announcement by the White House in early February to significantly reduce tariffs on Indian exports. The move follows sharp tariff hikes imposed in August 2025, including penalties linked to India's imports of Russian crude oil.

According to brokerage house BofA Global Research, the revised framework provides meaningful relief to Indian exporters, improves India's tariff positioning relative to Asian peers, and potentially lifts the country's growth outlook. While the fine print of the agreement is still awaited, the broad contours of the interim deal announcement outline changes to tariffs, trade flows, energy sourcing, and pol...