Industry bodies welcomed India-US trade deal, reacting to the deal, Confederation of Indian Industry (CII) President Rajiv Memani said that the expected reduction of tariffs marks a major step forward in strengthening the strategic economic partnership between the two countries.
Congress MP KC Venugopal on Tuesday gave an Adjournment Motion notice in Lok Sabha to discuss the India-US trade agreement, claiming "adverse consequences" for Indian industries and farmers.
During his US visit for the Critical Minerals Ministerial, EAM Jaishankar welcomed the India-US trade deal that cuts tariffs on Indian goods to 18%. PM Modi and President Trump agreed to boost bilateral trade, increase US purchases, diversify from Russian oil, and strengthen ties.
Congress Rajya Sabha MP Jairam Ramesh on Tuesday demanded a parliamentary discussion on the trade deals with the European Union and the United States, slamming the Centre over Washington's claim that the deal will help them export more agricultural products to New Delhi.
The BJP workers felicitated Prime Minister Narendra Modi with chants of "Jai Modi," "Vande Mataram," and "Bharat Mata ki Jai" after the Prime Minister secured the trade deal with US President Donald Trump at the NDA Parliamentary party meeting underway in Parliament premises on Tuesday.
The Indian US announced trade deal restores parity for Indian rice exports with key competing origins such as Thailand and Pakistan, giving a clear edge to Indian exporters in the US market, stated Indian Rice Exporters Federation (IREF) reacting positively to deal.
BJP National Vice President Baijayant Panda on Tuesday said that the "historic" India-US trade deal will "redefine trade" between the two countries and have a positive global impact to stabilise many aspects of geopolitics.
The US is hosting a Critical Minerals Ministerial as India-US ties deepen through a new trade deal cutting tariffs to 18%. PM Narendra Modi and President Donald Trump highlighted stronger cooperation on trade, energy, supply chains and defence.
The domestic equity markets opened with a historic rally on Tuesday, surging sharply in early trade, supported by upbeat global cues following the announcement of a key India-US trade deal.
Union Minister Nitin Gadkari on Tuesday applauded Prime minister Narendra Modi and US President Donald Trump over the announcement of the India-United States trade deal under which Washington has reduced tariffs on Indian goods to 18 per cent, stating that it will further strengthen the t