Table of Contents
- Background: The Road to the India-US Trade Deal
- US Tariffs and Their Impact on Indian Exporters
- Top India-US Trade Deal Beneficiary Stocks
- Market Analysis: Why These Stocks Stand Out
- Investor Outlook and What Lies Ahead
- Conclusion
- Related Reads
Background: The Road to the India-US Trade Deal
India and the United States are inching closer to finalising the first tranche of their bilateral trade agreement by the end of 2025—a development eagerly awaited by exporters, analysts, and financial markets. According to Commerce Secretary Rajesh Agarwal, discussions have progressed steadily despite rapid fluctuations in global trade conditions. He also highlighted that both countries are pursuing negotiations through “two separate parallel tracks,” underscoring the strategic priority of the deal.
The India-US trade relationship has historically been strong but occasionally turbulent, especially during periods of tariff revisions or geopolitical tensions. The current negotiations serve as an essential step in rebalancing trade flows, restoring market confidence, and creating a more predictable framework for businesses operating across borders.
This is why the focus keyword India-US Trade Deal Beneficiary Stocks has begun trending across investor communities — the market now expects significant recovery in sectors hit hardest by US tariffs.
US Tariffs and Their Impact on Indian Exporters
The genesis of the current imbalance can be traced to two major tariff announcements by the US in 2025. In April, President Donald Trump declared a 25% reciprocal tariff on Indian imports. The situation escalated further in August, when another 25% tariff was imposed in response to India’s discounted oil purchases from Russia. This took the total levy to a steep 50%.
Such high tariffs instantly disrupted trade flows and caused many Indian exporters to either halt shipments or postpone orders. Sectors that rely heavily on the US market—such as auto ancillaries, textiles, laminates, and industrial equipment—were hit the hardest.
According to Pankaj Pandey, Head of Research at ICICI Securities, the anticipated rollback of tariffs to competitive levels is a “major relief” for exporters who have endured months of uncertainty. He emphasised that the removal of duties would “unlock delayed volumes instantly,” leading to a sharp rebound in order books.
As a result, analysts have begun identifying key India-US Trade Deal Beneficiary Stocks that are positioned to gain the most once tariff barriers are lifted.
Top India-US Trade Deal Beneficiary Stocks
ICICI Direct has curated a specialised One Click Portfolio comprising seven companies with strong fundamentals, high exposure to US-linked demand, and proven resilience in export markets. These companies span sectors such as industrial solutions, auto components, textiles, and IT services.
📌 The Seven Beneficiary Stocks and Their Portfolio Weights
- Balkrishna Industries – 16.3%
- Aeroflex Industries – 15.5%
- Greenlam Industries – 14.2%
- Elgi Equipments – 14.2%
- Coforge – 13.6%
- Indo Count Industries – 13.2%
- Gokaldas Exports – 13.0%
Each of these companies is considered a strong candidate among India-US Trade Deal Beneficiary Stocks due to their significant exposure to American clients and their ability to scale quickly once tariffs are reduced.
🔍 Company-Wise Breakdown
1. Balkrishna Industries (BKT)
A global leader in off-highway tyre manufacturing, BKT exports a substantial portion of its products to the US. Reduced tariffs will improve margins, enhance competitiveness, and accelerate order fulfilment from sectors like construction, mining, and agriculture.
2. Aeroflex Industries
A specialist in flexible flow solutions, Aeroflex supplies industrial hoses and stainless-steel assemblies to multiple US industries. Its high dependency on export markets makes it one of the most sensitive beneficiaries of tariff corrections.
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3. Greenlam Industries
Greenlam is India’s leading laminate and surface material manufacturer. The US is a core market for its premium and architectural product segments, and demand is expected to rebound quickly once cost barriers reduce.
4. Elgi Equipments
One of the largest air compressor manufacturers globally, Elgi has a strong US presence through its subsidiary. Its products are widely used across automotive, manufacturing, and industrial applications—making it a prime winner post-deal.
5. Coforge
As a global IT services firm, Coforge earns a significant percentage of its revenue from North America. While IT services were not directly impacted by tariffs, improved India-US trade relations foster better business sentiment and client flows.
6. Indo Count Industries
A leading exporter of home textile products, Indo Count delivers large volumes of bedsheets and linens to major US retailers. The trade deal will improve cost parity and revive bulk orders.
7. Gokaldas Exports
Known for its strong apparel export capabilities, Gokaldas supplies to top US fashion brands. Tariff rollback will ease pressure on margins and increase order visibility for the coming fiscal years.
Market Analysis: Why These Stocks Stand Out
The curated model portfolio isn’t just about sector exposure — it’s also about identifying companies with strong balance sheets, robust order books, and proven resilience through volatile policy cycles.
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With an investment size of approximately ₹14,100, the portfolio is benchmarked against the Nifty 500 index but skewed towards high-growth small-cap and mid-cap exporters. About 70.1% of the allocation is in small-cap companies, while the remaining 29.9% sits in mid-caps. This reflects ICICI Direct’s confidence in tapping fast-growing export businesses poised for rapid expansion once conditions stabilise.
Performance data from November 2022 to November 2025 indicates that the “Beneficiaries of Trade Deal” portfolio has consistently outperformed the Nifty 500. This reinforces the thesis that companies with US exposure continue to demonstrate structural strength, even during periods of tariff-related headwinds.
Investor Outlook and What Lies Ahead
Investor sentiment is turning increasingly positive as negotiations inch closer to a deal. If tariffs are rolled back to pre-2025 levels, these seven India-US Trade Deal Beneficiary Stocks could see a surge in both volume and profitability.
Experts believe that:
- Export volumes may normalise within 1–2 quarters after the deal.
- Margins will likely expand due to lower cost inflation.
- Small-cap exporters may outperform mid-caps in the short term.
- Order pipelines are expected to strengthen heading into 2026.
Given the current market structure, early positioning in these companies could yield strong medium-term gains for investors seeking exposure to export-led growth themes.
Conclusion
The India-US bilateral trade deal has the potential to reshape export dynamics across multiple Indian sectors. As tariff barriers soften and business relations stabilise, companies with strong US linkages stand to benefit the most. The seven highlighted firms combine strong fundamentals with strategic positioning, making them leading candidates for growth in a post-deal environment.
Related Reads
By The Morning News Informer — Updated 4 December 2025
