India-US Trade Deal Boosts Markets, Offers Relief to Key Export Sectors

• The India-US trade agreement reduces tariffs on Indian goods from 50% to 18%, significantly boosting market sentiment.
• Indian equity markets surged, adding ₹12 lakh crore to market capitalization, and the rupee strengthened post-announcement.
• Industry leaders, including CII President Rajiv Memani, welcomed the deal, highlighting its positive impact on labour-intensive sectors like textiles, leather, gems and jewellery, and marine exports.
• Bharat Forge's Amit Kalyani noted the deal's clarity for the defence sector, strengthening the strategic relationship between the two nations.
• Sectors like gems and jewellery, which saw significant export declines due to previous tariffs, anticipate major relief and potential for growth.

Why It Matters: The India-US trade deal, reducing tariffs to 18%, has significantly boosted markets and offers crucial relief to India's key export sectors.