"It is a good gesture between India and the US. The Commerce Ministry had been working to get the tariff reduced. This will ease out any apprehensions," he told ANI.
The India-US trade deal reduces tariffs on Indian goods in the US to 18 per cent, while Washington has claimed the deal will help it export more agricultural products to New Delhi.
The India-US trade deal reduces tariffs on Indian goods in the US to 18 per cent, while Washington has claimed the deal will help it export more agricultural products to New Delhi.
The President of the US-India Business Council (USIBC) at the US Chamber of Commerce, Atul Keshap, has welcomed the recently announced India-US trade deal, in which Washington reduced the tariff on Indian goods to 18 per cent, saying that the agreement sends a "very positive psychological
A US aircraft carrier shot down an Iranian drone in the Arabian Sea on Tuesday (local time) after the unmanned aerial vehicle made what the US military described as an "aggressive approach" toward the vessel, CNN reported, citing a US Central Command (CENTCOM) spokesperson.
Speaking to the media here on Tuesday, Pilot said, "Why does the US make announcements regarding trade deals between India and the US? What is the need to celebrate if the tariffs have been reduced to 18 per cent? It seems that the agreement was made under pressure from the US."
Rajesh B. Lund, President of the Chamber of Commerce, Coimbatore, said the industry has "warmly welcomed" the US tariff reductions announced under the new trade initiative. "This is a landmark achievement, and we wholeheartedly appreciate the leadership of Prime Minister Narendra Modi, whose
The deal involves reducing reciprocal tariffs from 25% to 18% and eliminating the additional 25% duty on Russian oil imports into India. India has also agreed to increase imports from the US by $500 billion, covering sectors like energy, technology, agriculture, and defence.
The reduction in the US import duties, along with forthcoming duty-free trade agreements with the United Kingdom and European countries, will drive remarkable growth in the Indian textile industry. As a result, employment opportunities in the textile sector will multiply significantly.
Congress MP Gurjeet Singh Aujla on Tuesday criticised the government's trade deal with the US, stating that India has "become nothing but a market," after a trade deal with the United States led to reports that India could abandon Russian oil procurement.