India-US Trade Deal: Laptops, Dairy Products to Get Cheaper; Boost for Indian Exports

• India and the US have finalized a long-standing trade deal after talks between PM Modi and President Trump, marking a significant step for economic relations.
• The agreement is expected to make American products like laptops, electronic gadgets, dairy products, pulses, and processed foods cheaper in India due to reduced import duties.
• Indian exporters will benefit from better access to the American market, with reduced tariffs on textiles, apparel, gems, jewelry, steel, chemicals, and engineering goods.
• US President Trump stated India assured to reduce tariffs and non-tariff barriers on American products to zero, while PM Modi highlighted better access for 'Made in India' goods.
• However, tariffs on some industrial metals (steel, aluminum, copper) and auto components will remain high, limiting immediate relief in these sectors.

Why It Matters: The India-US trade deal will lower prices of American goods in India and boost Indian exports to the US.