Union Minister of Commerce and Industry Piyush Goyal. (File Photo: PTI)
India
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News1807-02-2026, 08:03

Piyush Goyal: India-US Trade Framework Unlocks $30 Trillion Market for Exporters

  • Union Minister Piyush Goyal hails new India-US Interim Trade Framework, opening access to a $30 trillion US market for Indian exporters.
  • Framework expected to generate lakhs of new employment opportunities, particularly for women and youth, as Indian exports gain US market entry.
  • US to reduce reciprocal tariffs on Indian goods to 18%, improving market access for various products.
  • Agreement provides zero tariffs on select products like generic pharmaceuticals, gems, diamonds, and aircraft parts, boosting MSMEs, farmers, and fishermen.
  • India's core interests protected: sensitive agricultural and dairy products remain outside tariff concessions, safeguarding farmers.

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