India-US Trade Agreement: A New Dawn for Economic Collaboration
The India-US trade agreement, praised by BJP national president Nitin Nabin, introduces momentum to India's economy. The deal includes reducing reciprocal tariffs on Indian goods to 18% and facilitates the purchase of over USD 500 billion in American goods by India, marking substantial bilateral progress.
- Country:
- India
BJP national president Nitin Nabin has welcomed the India-US trade agreement, emphasizing its potential to invigorate India's economy and propel the nation's development objectives. His comments followed discussions between US President Donald Trump and Indian Prime Minister Narendra Modi leading to the trade deal announcement.
The agreement includes Washington reducing its reciprocal tariffs on Indian goods from 25% to 18%. Additionally, India will work towards eliminating tariffs and non-tariff barriers on US goods, alongside purchasing American products, including energy, exceeding USD 500 billion in value.
Prime Minister Modi expressed enthusiasm about the deal, stating it enhances opportunities for cooperation between two significant economies. This move, he believes, underscores a deepening partnership between the world's largest democracies, benefitting citizens and fostering collaboration.
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