India-US Interim Tech Trade Agreement

India and the United States have finalized a framework for an interim trade agreement, focusing on increasing trade in electronics and IP-related matters. Union Minister Ashwini Vaishnaw announced that the two nations will significantly boost trade in technology products, including Graphics Processing Units (GPUs) and other goods used in data centers, and expand joint technology cooperation. The agreement aims to address non-tariff barriers affecting bilateral trade in US medical devices and Information and Communication Technology (ICT) goods. Under the India AI mission, India has already procured over 34,000 GPUs and plans to add 20,000 more. Committed investments in data centers are currently around $90 billion, with expectations to exceed $200 billion in the coming months. Major companies like Google, Microsoft, and Amazon have announced significant investments in India's data center infrastructure, which is crucial for strengthening the AI architecture and supporting startups.