India-US Trade Deal: Piyush Goyal Says India to Outcompete China in US Market

• Commerce Minister Piyush Goyal highlights India's advantage over China in the US market due to the new interim trade framework.
• Indian products face an average 18% tariff in the US, significantly lower than China's 35%, making them more competitive.
• India benefits from the 'China Plus One' strategy, attracting global companies seeking alternative manufacturing hubs.
• Key sectors like textiles, pharmaceuticals, auto parts, gems and jewelry, and electronics are set to gain.
• The deal is expected to boost exports, investment, job creation, and accelerate India's goal of becoming a global manufacturing hub.