India-US Trade Deal: Textile Exports to Double, 5 Lakh Jobs Created, Bangladesh Hit

• India's textile exports to the US are projected to double to over 30,000 crore rupees in three years due to a new trade agreement.
• The agreement is expected to create 5 lakh new jobs, particularly in Tiruppur, a major textile hub.
• The India-US bilateral trade agreement involves reducing import duties on various products to boost trade.
• Tiruppur Exporters Association President K.M. Subramanian anticipates exceptional growth for Tiruppur over the next five years.
• The deal is seen as a direct blow to Bangladesh, as India's lower duties are expected to divert US orders.