India-US Trade Deal: Laptops, Dairy Products to Get Cheaper; Boost for Indian Exports
Business
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Moneycontrol•03-02-2026, 11:30
India-US Trade Deal: Laptops, Dairy Products to Get Cheaper; Boost for Indian Exports
- •India and the US have finalized a long-standing trade deal after talks between PM Modi and President Trump, marking a significant step for economic relations.
- •The agreement is expected to make American products like laptops, electronic gadgets, dairy products, pulses, and processed foods cheaper in India due to reduced import duties.
- •Indian exporters will benefit from better access to the American market, with reduced tariffs on textiles, apparel, gems, jewelry, steel, chemicals, and engineering goods.
- •US President Trump stated India assured to reduce tariffs and non-tariff barriers on American products to zero, while PM Modi highlighted better access for 'Made in India' goods.
- •However, tariffs on some industrial metals (steel, aluminum, copper) and auto components will remain high, limiting immediate relief in these sectors.
Why It Matters: The India-US trade deal will lower prices of American goods in India and boost Indian exports to the US.
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