India-US trade deal: Prime Minister Narendra Modi has praised India and the United States’ interim agreement as “great news”, adding that the deal will open new opportunities for farmers, entrepreneurs, MSMEs, startup innovators and youth seeking employment.
In a post on social media platform
Notably, Goyal in his post also said he expects the deal to “open a $30 trillion market for Indian exporters, especially MSMEs, farmers and fishermen” and create “lakhs of new job opportunities for our women and youth”.
‘Framework reflects the growing depth, trust and dynamism’
He wrote on
Outlining the significance of the agreement, Modi added that this framework “reflects the growing depth, trust and dynamism of our partnership”.
“It strengthens ‘Make in India’ by opening new opportunities for India’s hardworking farmers, entrepreneurs, MSMEs, startup innovators, fishermen and more. It will generate large-scale employment for women and youngsters,” he added.
Further, the prime minister also noted that India and the US “share a commitment to promoting innovation and this framework will further deepen investment and technology partnerships between us”.
“This framework will also strengthen resilient and trusted supply chains and contribute to global growth. As India moves forward towards building a Viksit Bharat, we remain committed to building global partnerships that are future-oriented, empower our people and contribute to shared prosperity,” he added.
India-US trade deal: What are the key terms?
India and the US on 6 February jointly announced an interim trade framework ahead of their Bilateral Trade Agreement (BTA), with commitment from both sides to broaden trade and reduction in the US reciprocal tariffs to 18%.
