India-US Trade Deal: Agriculture, Dairy Sectors Ring-Fenced, Govt Clarifies Stance

Economy
C
CNBC Awaaz•06-02-2026, 19:42
India-US Trade Deal: Agriculture, Dairy Sectors Ring-Fenced, Govt Clarifies Stance
- •India excludes rice, wheat, soy, corn, sugar, and dairy from trade deal, protecting farmer livelihoods.
- •Government clarifies agriculture and dairy are 'red-line sectors' due to dependence of millions of rural families.
- •India to purchase approximately $500 billion worth of products from the US over five years, focusing on aircraft, ICT, and energy.
- •Commerce Minister Piyush Goyal confirms $70-80 billion aircraft orders from Boeing, potentially exceeding $100 billion with components.
- •First phase of Bilateral Trade Agreement (BTA) ready, with legal agreement expected by mid-March.
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