India-US Trade Deal by Mid-March: Piyush Goyal Assures Farmers, Boosts Exports

India
M
Moneycontrol•09-02-2026, 13:56
India-US Trade Deal by Mid-March: Piyush Goyal Assures Farmers, Boosts Exports
- •Commerce Minister Piyush Goyal announced the India-US trade deal will be fully implemented by the third week of March.
- •The deal aims to attract global investment, strengthen diplomatic ties, and boost capabilities in AI and Quantum Computing.
- •Key benefits include continued zero duty on smartphones, abolished duty on gems and diamonds, and potential zero duty on generic pharma products.
- •India will see lowest tariffs compared to competitors, boosting exports, employment, and opportunities for startups and food processing.
- •Goyal assured Indian farmers that the deal will not negatively impact them, with specific agricultural products excluded and apple farmers' interests protected.
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