India-US Trade Deal Boosts Nutraceutical Exports, Cuts Tariffs by 32%

• India and the US announced a trade deal on February 2, providing relief to India's nutraceutical industry.
• The agreement immediately reduces tariffs on Indian nutraceutical exports from 50% to 18%.
• Indian nutraceutical exports, valued at nearly $1 billion, faced severe stress due to US customers cutting orders and delaying launches.
• The high tariffs previously impacted sector growth, investments, and livelihoods of farmers and botanical collectors.
• The deal addresses policy uncertainty, which was a major concern for exporters like OmniActive Health Technologies.

Why It Matters: New India-US trade deal significantly cuts tariffs on nutraceuticals, easing export challenges.