Agriculture a serious issue for India, sliding protection a possibility, says economist Pravin Krishna

India's apprehensions regarding opening up the agriculture sector in bilateral trade deals are "important", and a sliding scale of protection--to be phased out over a time period--could be a possibility in negotiations with the US, said economist Pravin Krishna of Johns Hopkins University.

Krishna, a Chung Ju Yung Professor of International Economics and Business at Johns Hopkins University, who was in Delhi attending the Kautilya Economic Conclave, 2025, informed Fortune India that all countries, including India, have their issues on issues such as these.
"I do think India has a vulnerable agricultural sector. It is a big sector. A majority of the poor are dependent on the sector," Krishna explained to Fortune India.

"And agriculture is a very big worry for India. The issue is, how do we deal with this? How much do we safeguard the farmer?" said Krishna.
He proposes a sliding scale of protection purely for agriculture for a particular duration. "Should we have a sliding scale of protection where we sign the agreement now and say in the next 15 or 20 years, the sliding scale of protection could be removed incrementally. This way, everyone has time to adapt," he said in an interview with Fortune India.

"The second choice is to exclude agriculture entirely. And discuss everything else. So I believe, in the abstract, everything is available. So one can negotiate," Krishna added.

"So, how does one address that real, economic moral issue, while doing the other things, is a question which the government must consider," Krishna said.

India-US trade negotiations resumed after a temporary suspension due to the Trump administration's move to impose a 50% duty on Indian imports. This comprises 25% punitive tariffs for importing Russian oil.

The US is seeking access to India's dairy and agricultural markets, which is not acceptable to the Indian side. Formal negotiations derailed in August this year following the cancellation of a visit by a trade delegation in late August.

Expectations of breakthrough in trade negotiations between the trading partners brightened after Prime Minister Narendra Modi on Thursday greeted the U.S.-facilitated trade agreement between Israel and Hamas and had a call with U.S. President Donald Trump.

"Spoke to my friend, President Trump and congratulated him on the triumph of the historic Gaza peace plan. Also reviewed the satisfactory progress made in trade talks. Agreed to remain in close communication in the weeks ahead," Modi stated in an X post.

Earlier this week, Commerce Minister Piyush Goyal too has stated that US-India bilateral trade agreement is expected to be finalized by December this year.