ANI
07 Feb 2026, 15:29 GMT+10
Kolkata (West Bengal) [India], February 7 (ANI): RS MP and former foreign secretary Harsh Vardhan Shringla on Saturday said that the India-US Interim Trade Agreement has given clarity to the business community.
Shringla, while talking to reporters, said that Indian exports to the US are going to increase very significantly.
'This is a very important deal because it comes soon after we have concluded the mother of all deals with the European Union, 27 countries. After that, trade deal with the United States I think has given our exporters, our small industrialists, our farmers and our labourers a great advantage over our competitors. So I would say that our exports to the United States are going to increase very significantly,' he said.
'We will have very good market access to a large market of 30 trillion dollars. Combined with the EU, we will have a market of almost 60 trillion dollars. And I think this is very good news for all of our people, especially our youth, as the Prime Minister said in Parliament just the other day,' he added.
Earlier in the day, External Affairs Minister S Jaishankar lauded the India-United States interim trade agreement, stating that the deal will ensure greater market access for Indian exporters.
In an X post, Jaishankar said the agreement will support the Centre's 'Make in India' vision.
'The framework for an Interim Agreement will realise a mutually beneficial India - US trade partnership. The framework will ensure greater market access and opportunities for our exporters. New vistas have opened up that will further promote Make in India,' the EAM said.
The two nations announced a framework for an Interim Agreement on reciprocal, mutually beneficial trade, a step toward advancing the broader US-India Bilateral Trade Agreement (BTA) negotiations launched by Prime Minister Narendra Modi and President Donald Trump in February 2025, according to a joint statement released by the White House and the Commerce Ministry.
As per the agreement, the US will apply a reciprocal tariff rate of 18 per cent on Indian originating goods, including textiles and apparel, leather and footwear, plastic and rubber, organic chemicals, home decor, artisanal products, and certain machinery. (ANI)
Get a daily dose of Russia Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Russia Herald.
More InformationDUBLIN, Ireland: There have been more electric cars sold in Ireland's new car market than petrol and diesel models this month. In...
SINGAPORE: U.S. drone manufacturers are stepping up efforts to win customers across Asia, pitching combat-proven technology to regional...
WASHINGTON, D.C.: Tired of the bullying, bluster, and threats from U.S. President Donald Trump with regard to tariffs, countries that...
NEW YORK, New York - U.S, stock markets bounced back with a solid trading day Friday, bringing to an end the wreckage of the previous...
LONDON, U.K: Across Europe, governments are quietly rewriting the digital foundations of their public sectors, replacing familiar American...
LONDON, U.K.: Britain's labor market is expected to weaken further this year, with unemployment forecast to climb to its highest level...
WASHINGTON, D.C.: First Lady Melania Trump capped her first year back in the White House with the global release of a documentary she...
New Delhi [India], February 7 (ANI): Union Commerce Minister Piyush Goyal on Saturday hailed the framework announced on the India US...
New Delhi [India], February 7 (ANI): Union Commerce Minister Piyush Goyal underlined the significance of the announcement of the interim...
Kolkata (West Bengal) [India], February 7 (ANI): RS MP and former foreign secretary Harsh Vardhan Shringla on Saturday said that the...
New Delhi [India], February 7 (ANI): Congress General Secretary Jairam Ramesh on Saturday slammed the Prime Minister Narendra Modi-led...
Hyderabad (Telangana) [India], February 7 (ANI): India Under-19 opener Aaron George's family expressed pride after India secured the...
