India to Source $500 Billion from US: Goyal Details Trade Deal & Tariff Cuts

• Commerce Minister Piyush Goyal expects India to source $500 billion from the US, focusing on advanced ICT, GPUs, energy, and aircraft.
• White House to issue executive order next week, reducing reciprocal tariffs on Indian goods to 18 percent, effective before formal deal signing.
• Interim trade agreement, expected by mid-March, will grant zero-duty access to 50% of India's exports to the US.
• India's 'red lines' on agriculture, including dairy, poultry, and GM products, are fully protected and excluded from the deal.
• Labor-intensive sectors, MSMEs, and farm/fish product exports are set for significant gains, with many items receiving zero-duty access.