EXPANDING TRADE: India to buy up to $80 billion in Boeing aircraft following deal with U.S.

STC NEWS MONITORING DESK
NEW DELHI, FEBRUARY 06 (STC): Signalling willingness to expand trade with the U.S., India is ready to place orders worth up to $80 billion for Boeing planes, says a CNBC report quoting Commerce and Industry Minister Piyush Goyal.
India’s demand for aircraft alone, with orders for Boeing “yet to be placed but ready,” is nearly $80 billion. If engines and other spare parts are added, imports from U.S. will “cross 100 billion dollars just [from] aircrafts,” reads the report quoting Goyal.
According to the report, the minister also said that there was potential to procure a minimum of $500 billion worth of goods from the U.S. over the next five years, but clarified that there was no explicit investment commitment made as part of the trade deal with Washington
Notably, on Monday, U.S. President Donald Trump announced in a social media post that Washington and New Delhi had agreed a trade deal.
Trump said that the U.S. will reduce tariffs on Indian goods to 18%, while New Delhi will lower duties on U.S. goods to zero, replace Russian oil with supply from U.S. and Venezuela, open sensitive markets such as agriculture and buy $500 billion worth of American goods.
India’s overall goods imports stood at $720.24 billion in financial year 2025, with its trade deficit at $94.3 billion. That includes goods worth $45.3 billion from the U.S.
The CNBC report further reveals that India and the U.S. will sign a joint statement in the next 3-4 days, finalizing the first tranche of the trade deal between the two countries. The 18% tariffs on Indian exports to the U.S. will become effective after the joint statement is issued, adds the report quoting Goyal.
Two sides will then sign a formal agreement in mid-March, after which the tariff concession for U.S. goods entering India will become effective.
(Straight Talk Communications)