A major trade shift could be on the horizon as India and the US engage in high-level discussions to ease or eliminate tariffs on gems, jewellery, and garments.

This agreement could transform the luxury and fashion industries, making Indian exports more competitive in the American market.

Currently, Indian gold and silver jewellery exports face a 6% duty, while ready-made garments attract tariffs as high as 20%. These high costs make it difficult for Indian artisans and manufacturers to compete with other global suppliers.

Reducing these tariffs could boost India's exports, create more jobs, and give American consumers access to affordable, high-quality Indian products.

This initiative is part of Mission 500, a long-term plan aimed at increasing US-India trade to $500 billion by 2030. If successful, this could open doors for small and medium businesses in India to expand into the global market.

However, the negotiations are complex. The US may demand trade-offs in other areas, and India must carefully navigate these discussions to protect its industries.

Will this trade pact break barriers and redefine global commerce? Or will hidden challenges stall its progress? As both nations move forward, the outcome of these talks could reshape the future of Indian exports forever.