India-US Trade Deal: Agriculture, Dairy Sectors Safe; Piyush Goyal Assures No Farmer Loss

India
M
Moneycontrol•03-02-2026, 18:09
India-US Trade Deal: Agriculture, Dairy Sectors Safe; Piyush Goyal Assures No Farmer Loss
- •Commerce Minister Piyush Goyal announced the India-US trade deal, emphasizing the safety of agriculture and dairy sectors.
- •Goyal stated that farmers would not suffer any losses, countering opposition criticism regarding the agreement.
- •The deal includes a reduction in US tariffs on Indian goods from 25% to 18%, boosting 'Made in India' products.
- •The agreement is expected to create significant opportunities for domestic farmers, MSMEs, and skilled workers.
- •Goyal highlighted the deal as a reflection of strong partnership between two democracies, fostering shared prosperity.
Why It Matters: Piyush Goyal confirms the India-US trade deal protects farmers and boosts 'Make in India' with reduced tariffs.
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