India-U.S. trade deal LIVE: Industry welcomes deal, sees tariff cuts boosting growth and competitiveness

Commerce and Industry Minister Piyush Goyal has said that the India-U.S. trade deal unlocks the power of two large democracies working together for the shared prosperity of their people, and the bilateral partnership will co-create technologies and co-develop solutions.

He said the trade deal unlocks unprecedented opportunities for farmers, MSMEs, entrepreneurs, and skilled workers.

In a post on X, Mr. Goyal also said that the trade deal will help India get technology from the United States and accelerate India’s journey towards Viksit Bharat 2047.

He lauded Prime Minister Narendra Modi and U.S. President Donald Trump for the trade deal.

“Congratulations to Prime Minister @NarendraModi ji and President @RealDonaldTrump as well as to the people of India and the United States, on the landmark trade agreement. This reflects the power of two like-minded, fair-trading democracies working together for shared prosperity,” he said.

“Grateful for PM @NarendraModi ji and President @realDonaldTrump visionary and decisive leadership, and strong commitment to strengthening India-U.S. ties,” he added.

He said the trade deal also opens opportunities for Make in India for the world, Design in India for the world, and Innovate in India for the world.

– ANI