Trade Deficit Alarms & Currency Pressure: Parliament Flags ₹92/USD as India Hardens Import Protections

This report covers Trade policy, export incentives, customs duty, and FTAs from March 16, 2026, to March 23, 2026. Brought to you by policyindex.ai. This intelligence highlights a strategic pivot toward import diversification due to the West Asia conflict, the conclusion of major FTAs, and a significant surge in trade remedy investigations.

Key Statistics

Weekly Executive Summary

• Currency and Deficit Crisis: The Parliamentary Standing Committee on Commerce flagged a widening trade deficit and the severe impact of the Indian Rupee hitting ₹92 against the US Dollar, calling for an urgent review of Indo-US trade relations.
• Geopolitical Risk Mitigation: Prime Minister Modi chaired a high-level CCS meeting to address the West Asia conflict, directing the creation of a dedicated Group of Ministers (GoM) to diversify import sources for fertilizers, chemicals, and pharmaceuticals…