India-US Trade Deal Ends Uncertainty, Spurs Economic Buoyancy & Investment
Business
M
Moneycontrol•03-02-2026, 13:16
India-US Trade Deal Ends Uncertainty, Spurs Economic Buoyancy & Investment
- •The India-US trade deal has removed significant uncertainty, with the Department of Economic Affairs Secretary Anuradha Thakur anticipating greater economic buoyancy.
- •US President Donald Trump announced the deal on February 2, stating it would significantly reduce reciprocal tariffs from mid-2025.
- •The agreement includes the US cutting tariffs on Indian goods from 50% to 18%, and India reducing duties on American products to zero.
- •Department of Financial Services Secretary M Nagaraju believes the deal will benefit exporters and encourage private sector investment in India.
- •While the US expects improved access for its agricultural products, India plans to keep sensitive agricultural and dairy items out of major market-opening commitments.
Why It Matters: The India-US trade deal is expected to boost economic growth and private investment by reducing trade uncertainties.
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