India-US Trade Deal: Wheat, Rice, Milk Excluded; $500 Billion Deal Focuses on Tech, Energy

Business
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Moneycontrol•06-02-2026, 13:06
India-US Trade Deal: Wheat, Rice, Milk Excluded; $500 Billion Deal Focuses on Tech, Energy
- •India-US trade deal excludes politically sensitive agricultural products like wheat, rice, soy, corn, sugar, and dairy to protect Indian farmers.
- •US President Trump's claim of India opening its agricultural sector was refuted by the Indian government.
- •India to purchase goods worth $500 billion from the US, focusing on aircraft, data center equipment, energy, steel, and infrastructure inputs.
- •The deal includes imports of oil, gas, ships, laptops, smartphones, and data center equipment, which India already sources globally.
- •A formal agreement is expected to be signed by mid-March, with a joint statement anticipated soon.
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