US-India Trade Deal Slashes Tariffs, Ignites Dalal Street Rally

• The US has reduced tariffs on Indian exports from 50% to 18%, making it the lowest US tariff for India among emerging markets.
• Following the announcement, BSE-listed companies saw a market capitalization increase of nearly ₹20 lakh crore.
• Textile and seafood exporters, including Gokaldas Exports, Welspun Living, Avanti Feeds, and Apex Frozen Foods, experienced surges of up to 20%.
• Brokerages like Jefferies view the deal as a significant positive for investor sentiment, supply chain flexibility, and a magnet for foreign capital.
• The agreement is expected to strengthen India's role in global supply chains and attract investment into manufacturing and technology sectors.

Why It Matters: A new US-India trade deal significantly cuts tariffs, boosting Indian exports and sparking a major stock market rally.