India, US Unveil Interim Trade Pact: Lower Tariffs, $30 Trillion Market Access

• India and the US signed an interim trade agreement to lower tariffs and deepen economic cooperation.
• The pact opens a $30 trillion market for Indian exporters, benefiting MSMEs, farmers, and fishermen, and creating new jobs.
• India will reduce tariffs on US industrial goods and agricultural products; the US will lower reciprocal tariffs to 18% on Indian exports and eliminate tariffs on select items.
• The agreement protects Indian farmers' interests by safeguarding sensitive agricultural and dairy products.
• India plans to purchase $500 billion in US energy, aircraft, technology, and other products over five years, boosting bilateral trade.