India

‘India got a better deal with US than its rivals’: Piyush Goyal on Delhi-DC trade agreement

February 3, 2026

India has secured a favorable trade agreement with the United States, according to Union Commerce Minister Piyush Goyal. The deal, which includes a reduction of reciprocal tariffs on Indian goods from 25% to 18%, also protects sensitive sectors such as agriculture and dairy. Goyal highlighted that India's terms are better than those of competing nations, and the deal is expected to enhance India's economic growth.

US President Donald Trump speaks with the press as he meets with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on February 13, 2025. (

Credit: Jim Watson/AFP)

Key Highlights

India-US trade deal finalizes with US reducing tariffs on Indian goods from 25% to 18%.
Sensitive sectors, including agriculture and dairy, are protected under the agreement.
Piyush Goyal claims India received a better deal than its rivals.
Goldman Sachs has raised India's CY26 growth forecast to 6.9% following the trade deal.
US Ambassador to India confirmed tariffs would settle at 18%, contingent on India's cessation of Russian oil purchases.

World Economy Business

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

‘India got a better deal with US than its rivals’: Piyush Goyal on Delhi-DC trade agreement

Key Highlights

Sources

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