India-US Mega Trade Deal: Markets Soar, Strategic Ties Reset, Bharat's Resolve Shines
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Firstpost•03-02-2026, 17:49
India-US Mega Trade Deal: Markets Soar, Strategic Ties Reset, Bharat's Resolve Shines
- •Indian stock markets experienced a significant surge on February 3rd, with Sensex and Nifty rising sharply, following the announcement of a mega trade deal between India and the United States.
- •The deal, announced by Donald Trump and confirmed by PM Modi, reduces US tariffs on Indian goods from 25% to 18% and removes an additional 25% punitive duty on Indian goods related to Russian oil purchases.
- •India has committed to reducing its tariffs and non-tariff barriers against the US to zero and to 'BUY AMERICAN' at a much higher level, including over $500 billion in US energy, technology, and agricultural products.
- •This agreement is expected to boost India-US bilateral trade to $500 billion by 2030, significantly increasing India's exports and enhancing its competitive advantage over other Asian peers.
- •The deal marks a strategic reset in India-US relations, strengthening their partnership and demonstrating India's unwavering resolve despite previous tariff pressures from the US.
Why It Matters: The India-US trade deal signals a major economic and strategic win for Bharat, boosting markets and global standing.
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