Prime Minister Narendra Modi has publicly endorsed the India-US trade framework, describing it as a development that reinforces India’s long-term manufacturing strategy while strengthening bilateral economic engagement between the two countries.
In his response, the Prime Minister said the framework supports the objectives of the Make in India programme and creates new opportunities for Indian businesses across sectors. He underlined the role of trade cooperation in boosting domestic manufacturing capacity, improving global market access for Indian products, and generating employment opportunities, particularly for youth and women.
The interim India-US trade deal framework includes key tariff reductions aimed at easing trade friction and expanding market access. Under the arrangement, the United States is set to reduce tariffs on Indian exports to around 18 per cent, down from levels that had climbed to nearly 50 per cent, offering relief to exporters in labour-intensive sectors such as textiles, leather, chemicals, and engineering goods. On the reciprocal side, India has agreed to cut or eliminate tariffs on select US products, with zero-duty access being extended to specific categories as part of the framework.
The Prime Minister also acknowledged the role of former US President Donald Trump, thanking him for his personal involvement in advancing the trade understanding. The public recognition highlights the political signalling behind the agreement and reflects the importance of leadership-level engagement in strengthening India-US economic ties.