India-US Trade Deal: Concessions Offered, Key Sectors Protected

• Union Minister Piyush Goyal detailed the interim India-US trade agreement, outlining tariff concessions and protected sectors.
• India offered market access and tariff concessions on select American goods in non-sensitive categories, including industrial products and limited agricultural items.
• Indian exports like gems, pharmaceuticals, auto components, spices, and seafood will gain zero-duty access in the US.
• India explicitly protected sensitive farm and dairy products, including soybean, rice, sugar, jowar, bajra, ragi, and dairy items, to safeguard domestic livelihoods.
• The framework aims to expand exports while protecting domestic interests, serving as a step towards a comprehensive bilateral trade agreement.