India-US Trade Deal a Win-Win: Ashwini Vaishnaw
Union Minister Ashwini Vaishnaw said the newly announced India-US trade deal is a win-win for citizens and industries in both countries, highlighting its potential to boost economic activity and strengthen bilateral ties. He said the agreement reflects growing cooperation between the two nations and balances the interests of producers, consumers and workers.
Benefits for Industry and Trade
Vaishnaw noted that the deal will help Indian exporters by improving access to the US market, especially after the decision to reduce tariffs on Indian goods to around 18 percent. He said industries across sectors such as manufacturing, textiles and engineering are expected to benefit from improved competitiveness and higher demand.
Focus on Growth and Jobs
The minister said the agreement is designed to encourage trade expansion, job creation and investment in both countries. He added that easing trade barriers will support long-term growth and provide relief to export-driven sectors that were affected by higher tariffs earlier.
Government officials said further details on implementation will be finalised through ongoing discussions, but stressed that the agreement sends a positive signal to global markets and industry stakeholders.
