US-based companies seek a level playing field in India, says USISPF President

Mukesh Aghi, President of the US-India Strategic Partnership Forum (USISPF), highlighted that American companies are keen on gaining better access to the Indian market. A key concern for them is ensuring a fair business environment, as India’s average tariff stands at 11%, compared to just 3% in the US.Aghi said, “I think the bigger picture would be is I call market access and level playing field. It is important for US companies to explore India, to get access to the Indian market, but at the same time, have a level playing field, and that’s where the pressure points will come in.”

He noted that there is likely to be significant pressure to reduce tariffs on US exports to India, particularly in capital goods. However, agriculture may not be a major point of contention, as both countries have strong protections for their respective farming sectors.

Aghi suggested that India should propose a no-tariff policy between the two countries and observe the response.He does not expect a trade deal to be finalised during this visit. However, he believes that both sides will outline a roadmap with specific timelines. He anticipates that a potential agreement could be signed when Trump visits India for the Quad Summit.

He emphasised that India has consistently maintained strategic autonomy, given its geopolitical reality of sharing a border with China. However, China has never regarded India as an equal partner, leaving India to carve out its own position.While India will not be entirely dependent on the United States, it will strategically leverage its relationship in a mutually beneficial manner. At the same time, it will ensure that its autonomy remains intact, particularly in its approach toward China.

Aghi also noted that from a geopolitical standpoint, a Trump administration would likely seek to use its partnership with India to exert pressure on China, making India’s balancing act crucial.

The issue of deported Indian nationals remains a short-term challenge, and efforts are expected to focus on resolving it through a humanitarian approach. Aghi said that if necessary, India could arrange its own flights to bring back those affected.

Looking at the bigger picture, the long-term focus will be on the mobility of Indian professionals to the US. There is a strong demand for skilled workers in America, and streamlining the H-1B visa process will be crucial.

While the system has had both successes and challenges, it is essential to refine it rather than restrict it. The current administration is expected to explore ways to address this need effectively.

For full interview, watch accompanying video