India considers easing market access for U.S. firms following Trump win

India is willing to ease market access for U.S. companies if President-elect Donald Trump reciprocates. This marks a shift from previous tensions over high tariffs, as Trump had criticized India during his campaign. During his first term, Trump and Indian Prime Minister Narendra Modi had a productive relationship, despite tariff disputes. Sources indicate that India may lower tariffs in sectors like automobiles to improve trade terms. Trade ties between India and the U.S. have been growing steadily, with the U.S. being India's largest export market. In 2023, exports reached $120 billion, highlighting the importance of their economic relationship.