India-US Trade Deal Hailed as Landmark for Shared Prosperity and Growth
India
M
Moneycontrol•03-02-2026, 01:10
India-US Trade Deal Hailed as Landmark for Shared Prosperity and Growth
- •Commerce Secretary Rajesh Agrawal and Union Minister Piyush Goyal lauded the new India-US trade agreement as a landmark deal.
- •The agreement is expected to unlock shared prosperity, innovation, and growth for both democratic partners.
- •Piyush Goyal highlighted that the pact opens new doors for farmers, MSMEs, entrepreneurs, and skilled workers, promoting "Make in India for the world."
- •Prime Minister Narendra Modi welcomed the deal, which reduces reciprocal tariffs on Indian goods from 25% to 18%.
- •US President Donald Trump announced the tariff reduction on Truth Social, citing friendship and respect for PM Modi.
Why It Matters: The India-US trade agreement is a landmark deal fostering economic growth, innovation, and stronger bilateral ties.
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