PM Modi's 'Developed India' Vision After US Trade Deal; Trump Calls Modi 'Best Friend'

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Moneycontrol•03-02-2026, 10:18
PM Modi's 'Developed India' Vision After US Trade Deal; Trump Calls Modi 'Best Friend'
- •PM Modi shared a special message on X, emphasizing self-confidence as key to realizing the 'Developed India' dream after a historic trade deal with the US.
- •US President Donald Trump announced the trade deal, reducing tariffs on Indian goods from 25% to 18%, calling PM Modi his 'best friend'.
- •The agreement includes India's commitment to increase oil purchases from the US and potentially Venezuela, reducing reliance on Russian oil.
- •This diplomatic victory for India secures significant tax reductions on its exports to the US, strengthening economic ties.
- •External Affairs Minister S. Jaishankar is set to visit the US for a 'Critical Minerals' meeting, further deepening bilateral relations.
Why It Matters: PM Modi envisions a self-reliant 'Developed India' following a landmark US trade deal, reducing tariffs and shifting energy policy.
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