India-US Trade Deal to Boost 21% of Exports, Says Moody's
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News18•03-02-2026, 16:05
India-US Trade Deal to Boost 21% of Exports, Says Moody's
- •Moody's predicts the India-US trade deal will significantly benefit 21% of India's exports, particularly labor-intensive sectors.
- •The agreement includes a reduction in US retaliatory tariffs on Indian goods from 25% to 18%, announced by President Trump after talks with PM Modi.
- •Sectors like gems and jewelry, textiles, and apparel are expected to see improved debt-servicing capacity due to lower tariffs.
- •The US is India's largest goods export market, accounting for about 21% of total exports in the first 11 months of 2025.
- •India's continued purchase of Russian oil, though reduced, is understood by the US, as a complete halt would impact India's economic growth and inflation.
Why It Matters: The India-US trade deal is set to significantly boost labor-intensive Indian exports by reducing US tariffs.
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