India-US Trade Deal: Textiles, Tech, Pharma Set for Major Export Boost
Business
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News18•03-02-2026, 13:24
India-US Trade Deal: Textiles, Tech, Pharma Set for Major Export Boost
- •The India-US trade deal slashes reciprocal tariffs on Indian imports to 18% from up to 50%, providing significant relief to exporters.
- •This tariff reduction gives India a price advantage over China in the US market, potentially increasing order volumes for Indian suppliers.
- •Textiles, apparel, leather, footwear, gems, jewelry, and seafood sectors are expected to be major beneficiaries due to improved price competitiveness.
- •Engineering exports, including auto components and specialty chemicals, along with pharmaceuticals and agricultural products, are also poised for growth.
- •The deal is anticipated to strengthen India's position in global supply chains and encourage further investment by US tech firms in India.
Why It Matters: The India-US trade deal significantly reduces tariffs, boosting Indian exports across diverse sectors from textiles to tech.
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