India-US BTA: Zero-Duty Access to $46 Bn US Market to Boost Farmer Incomes

• The proposed India-US Bilateral Trade Agreement (BTA) is set to significantly benefit Indian farmers through enhanced export opportunities.
• India already holds a $1.3 billion agricultural trade surplus with the US, exporting $3.4 billion in 2024 against $2.1 billion in imports.
• The BTA offers zero-duty access to a $46 billion US agricultural import market, improving price realization for Indian farmers on products like spices, tea, and fruits.
• India gains preferential access at an 18% reciprocal tariff to a larger $160 billion US import market, with the marine sector alone accessing a $25 billion market.
• The agreement focuses on three pillars: big export gains for key farm products, promotion of forestry-linked items, and support for futuristic and livelihood crops to sustainably improve farm incomes.