Business

India is pushing for preferential tariffs and guarantees against future hikes in ongoing trade talks with the US. New Delhi seeks clarity on proposed US tariffs linked to forced labor and excess industrial capacity concerns. Both nations aim to finalize an interim trade agreement, with discussions gaining momentum after recent high-level meetings.

Wall Street saw a rebound on Monday, led by technology and AI-linked stocks that bounced back from Friday’s sharp sell-off. The S&P 500, Dow Jones, and Nasdaq Composite all gained ground as investors reassessed recent market movements. Meanwhile, oil prices eased from overnight peaks despite ongoing geopolitical tensions.

India achieved a current account surplus of $7.1 billion in Q4 FY26, though it was lower than the previous year. Despite a widening merchandise trade deficit, strong growth in services exports, particularly computer and business services, helped maintain the surplus for the quarter. For the full fiscal year, the deficit remained stable.