Brief by Shorts91 Newsdesk / 02:52pm on 03 Feb 2026,Tuesday India Global
India's agriculture and dairy sectors have been protected in the recent India-US trade deal, Union Commerce Minister Piyush Goyal announced Tuesday. The agreement reduces tariffs on Indian goods from 25% to 18%, contingent on India stopping Russian oil purchases. Goyal called it "the best trade deal" compared to neighboring countries, opening opportunities for labor-intensive sectors including textiles, plastics, apparel, leather, gems, and jewellery. The minister emphasized the deal protects sensitive sectors while providing access to world-class technologies for India's growth. Final details are being worked out between negotiating teams, with a joint statement expected shortly. Goyal criticized opposition leaders for their negative response to the landmark agreement. (PC: Times Now)
