CNBC's Inside India newsletter: India looks ready for a deal with the U.S. — but at what cost?

U.S. President Donald Trump has referred to India as the "tariff king," but now New Delhi stands ready to abdicate its throne.

Recent reports indicate that India has proposed zero tariffs on imports of steel, auto components and pharmaceuticals from the U.K. India is India 's largest trading partner, with bilateral trade hitting $129 billion in 2024 .

Dorson is betting on financials — namely large-cap banks — materials and healthcare, if the U.S. and India make a deal.

These sectors, will also see the most downside in the absence of a deal, as higher tariffs will compromise their earnings.

Mittal expects a trade deal to benefit logistics companies as there will be higher demand for their services.

May 9 : China balance of trade for April May 10 : China consumer price index for April May 12 : India consumer price index for April , Manoj Jewellers IPO , Srigee DLM IPO May 13 : U.S. consumer price index for April May 14 : India wholesale price index for April May 15 : India balance of trade for April , U.S. producer price index and retail sales for April , euro zone second estimate of GDP growth rate for first quarter , U.K. preliminary GDP growth rate for first quarter .