India-US trade deal to boost country's manufacturing: FM

India-US trade deal to boost country's manufacturing: FM

NEW DELHI [Maha Media]: Finance Minister Nirmala Sitharaman on Tuesday welcomed the reduction in United States' tariffs on Indian goods, describing the development as a major boost for the ‘Made in India’ initiative. Taking to social media platform X, the finance minister said that Indian products would now face a reduced reciprocal tariff of 18 per cent.

"Good news for #MadeInIndia products. They will now face reduced tariff of 18%. Thanking the leadership of PM @narendramodi and @POTUS for this development. People of our two large democracies stand to benefit," she said in a post on X.

The breakthrough follows a high-level telephonic conversation between Prime Minister Narendra Modi and US President Donald Trump.
 

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