The rollback of duties will take effect from February 7, according to an executive order issued by the White House.
PM Modi further noted that the India-US interim trade deal framework strengthens the government's flagship 'Make in India'.
Goyal said that dairy, fruits, vegetables, spices, and other grains have been protected. Check out the list of agricultural goods, vegetables, and spices that the US cannot export to India
The details of the much-awaited agreement framework are out -- right from the size of the export market to tariff reductions to protected sectors. Check here
The RBI has cautioned that geopolitical risks, volatility in energy markets, and weather changes could introduce upside risks to inflation in the months ahead.
RBI MPC announcements: This comes even as RBI reduced policy rate by 125 basis points since February 2025. In the last policy review in December, the RBI trimmed the repo rate by 25 basis points to 5.25 per cent.
RBI MPC announcements: “Going forward, the MPC will be guided by the evolving macroeconomic conditions and the outlook based on data from the new series in charting the future course of monetary policy,” said Governor Malhotra.
The Reserve Bank of India's Monetary Policy Committee (MPC) has increased its inflation predictions for the first two quarters of fiscal year 2027
RBI MPC announcements: Economic activity is expected to hold well, he said. Trade deals augur well for the economy, said Governor Malhotra.
RBI MPC meeting today: After the RBI maintained the status quo on the repo rate, BSE Sensex fell 342 points to 82,791 and Nifty slipped 127 points to 25,515 on Friday.
The Sanjay Malhotra-led Monetary Policy Committee (MPC) wrapped up its sixth and final bi-monthly meeting of FY26 on Thursday, with the repo rate decision scheduled to be unveiled later today
'From India's point of view, two deals together do actually make the mother and father of all deals – because these are the two largest entities with which we trade globally,' says Arvind Panagaria
India over the next 10-plus years is going to grow from 8-10 per cent, says Fink
The Reserve Bank of India is expected to keep interest rates unchanged at its February MPC meeting as global uncertainty, currency pressures and weak transmission of past easing argue for caution, says SBI Research. The note stated limited headroom is seen for further rate action, with the focus shifting to liquidity management and transmission tools.
'Don't know why people are getting hyper on India having to buy $ 500 billion from US. All countries have signed similar long-term intentions,' says Samir Arora
India's key sensitivities in the food and agriculture sector have been fully taken into account, Piyush Goyal told Lok Sabha MPs
The deal will protect the sensitive sectors, the interests of our agriculture and our dairy sectors in full respect, says Piyush Goyal
India could cut its annual fuel import bill by up to $3 billion by diversifying crude oil sourcing away from Russia, according to an SBI Research report, which flags energy savings as a key gain from the India–US trade deal. The report also highlights lower US tariffs on Indian goods, improved export competitiveness and limited inflation risks as major positives for India’s economy.
Their effective tax rate was at an all-time low of 18.85% in FY24, as per Budget 2026-27; more than 50% of companies were either loss-making or earned no profit in FY24
FM Nirmala Sitharaman said the newly announced India–US trade agreement is primarily focused on reducing tariffs, calling the move a positive development for Indian exporters. The comments come after the United States agreed to cut reciprocal tariffs on Indian goods to 18% following talks between President Donald Trump and Prime Minister Narendra Modi.
Sensitive sectors like agri and dairy have been protected under the deal, says Piyush Goyal
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