India mulls zero-duty US imports to fast-track trade deal, with rules on value addition.

India is contemplating the possibility of zero-duty imports from the US in multiple sectors, including those covered under the PLI (Production-Linked Incentive) scheme, with the aim of accelerating a bilateral trade agreement and undoing reciprocal tariffs. This proposal comes with the condition of adhering to stringent rules of origin, mandating a 30-40% value addition. By considering this move, India seeks to enhance trade relations with the US and potentially boost economic growth through increased imports.

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