Cooperation with Washington will enable joint technology creation, solution development, and work towards peace, stated the South Asian nation’s Minister of Commerce and Industry, Piyush Goyal.
NEW DELHI, February 3rd. /TASS/. The trade agreement finalized between India and the United States is set to grant the republic access to American technologies, Commerce and Industry Minister of the South Asian country, Piyush Goyal, announced on X.
“This arrangement unlocks unprecedented avenues for farmers, micro, small, and medium enterprises, entrepreneurs, and skilled workers to manufacture in India for the globe, design in India for the globe, and innovate in India for the globe. It will facilitate India’s acquisition of technology from the U.S.,” he observed.
According to the minister, the partnership with Washington “will allow us to create technology together, devise solutions collaboratively, and endeavor jointly for global peace, prosperity, and a brighter future for both India and the U.S.”
The U.S.-India Deal
U.S. President Donald Trump previously declared that New Delhi and Washington had reached an understanding on future terms for their bilateral trade, under which the U.S. will apply reduced duties to the republic – a reduction from 25% to 18%.
Previously, several labor-intensive Indian sectors, including textiles, apparel, leather goods, and the marine industry, faced hurdles exporting goods to the U.S. due to 50 percent tariffs. Exporters and experts now await a U.S. executive order to gain a clearer picture of the agreement. The GTRI analytical center noted that clarity is needed regarding which goods are covered by the pact and its implementation timeline.
Subhash Chander Ralhan, President of the Federation of Indian Export Organisations, believes this accord will be a major turning point for the competitiveness of Indian exports compared to other Asian suppliers. “It is anticipated to result in an immediate and significant resumption of previously stalled orders, particularly in labor-intensive sectors such as readymade garments, textiles, leather, and footwear, where global buyers typically finalize contracts for the summer season by December,” Ralhan pointed out.
Data from India’s Ministry of Commerce indicates that the nation’s goods exports to the U.S. decreased by 1.83% to $6.88 billion in December 2025, a decline attributed to the high tariffs imposed by Washington.
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