India-US Trade Deal Boosts Export Competitiveness

Industry leaders celebrate the India-US trade deal, highlighting reduced tariffs to 18% that enhance Indian exports' global competitiveness. This strategic partnership between two major democracies will benefit various sectors and strengthen economic ties, with expectations of boosting India’s export growth and reducing input costs.

On Tuesday, industry leaders expressed approval of the finalized India-US trade deal, highlighting how a tariff reduction to 18% will boost the global competitiveness of Indian exports and expand market access.

Rajiv Memani, President of CII, noted that this milestone in India-US relations demonstrates a joint commitment to deepening trade, technology, and investment ties amid global competition. FICCI President Anant Goenka emphasized the positive impact of reduced tariffs on Indian goods, a result of extensive negotiations.

Experts anticipate significant benefits for sectors like apparel and technology, hoping to improve export growth and cut input costs for domestic industries, ultimately aiding consumers and various sectors by lowering input prices.

(With inputs from agencies.)