India-US Trade Deal: Exports to Hit $500B in 5 Years, Tariffs Cut

• India and the US unveil an interim trade agreement framework to lower tariffs and reduce trade frictions.
• US cuts duties on Indian goods to 18% from 50% after India commits to stop Russian crude imports.
• President Donald Trump withdraws additional 25% tariff effective February 7.
• India will reduce tariffs on US industrial and farm products, addressing non-tariff barriers.
• Deal could open up a $30 trillion US market for Indian exporters, especially MSMEs, farmers, and fishermen.