India Achieves Landmark Trade Victory, Unlocks $30-Trillion U.S. Market for Exports Across Key Sectors
- India–U.S. Bilateral Trade Agreement (BTA): framework/interim deal granting Indian exports preferential tariff access to the ~USD 30 trillion U.S. market across textiles, machinery, agriculture, gems & jewellery.
- Tariffs cut from 50% to 18% on USD 30.94 billion of Indian exports; zero duty on another USD 10.03 billion.
- Highly examinable for Prelims (numbers, sectors) and Mains GS-II/III (trade diplomacy, external sector, agriculture safeguards).