Q1. With reference to the India–US Bilateral Trade Agreement (BTA) process and the Interim Trade Agreement framework announced in February 2026, consider the following statements: 1. The broader US–India BTA negotiations were formally launched by Prime Minister Modi and President Trump in February 2025. 2. Under the February 2026 interim framework, the United States reduced its reciprocal tariff on Indian goods from 50% to 25%. 3. The February 2026 framework removes United States tariffs on certain aircraft and aircraft parts of Indian origin. Which of the statements given above is/are correct?
- The broader US–India BTA negotiations were formally launched by Prime Minister Modi and President Trump in February 2025.
- Under the February 2026 interim framework, the United States reduced its reciprocal tariff on Indian goods from 50% to 25%.
- The February 2026 framework removes United States tariffs on certain aircraft and aircraft parts of Indian origin.
- A. 1 and 2 only
- B. 1 and 3 only
- C. 2 and 3 only
- D. 1, 2 and 3