“Make in India” to Get a Boost: PM Modi Reacts to India-US Trade Deal, Thanks Trump

New Delhi: Prime Minister Narendra Modi welcomed the interim trade agreement reached between India and the United States, calling it a significant milestone in the growing trust and deepening partnership between the two countries.

Under the deal, the U.S. will reduce tariffs on Indian goods to 18 percent, while India has agreed to cut or eliminate duties on a wide range of U.S. industrial and agricultural products, including dried grains, red sorghum for animal feed, tree nuts, fresh and processed fruits, soybean oil, as well as alcoholic beverages and spirits.

In a post on X (formerly Twitter), PM Modi expressed gratitude to U.S. President Donald Trump, noting the personal interest he has shown in strengthening India-US ties.

“Make in India” and Job Creation

Modi emphasized that the framework will give fresh momentum to the “Make in India” initiative, opening new opportunities for farmers, entrepreneurs, MSMEs, startups, innovators, and fishermen. The agreement is also expected to create large-scale employment opportunities for women and youth.

Strengthening Supply Chains and Innovation

The Prime Minister added that the deal will deepen investment and technology partnerships, promote innovation, and establish reliable and resilient supply chains contributing to global growth. He reiterated India’s commitment to forward-looking global partnerships that empower citizens and foster shared prosperity.

Commerce and Industry Minister Piyush Goyal highlighted that the interim trade agreement could open a $30,000 billion market for Indian exporters, particularly benefiting MSMEs, farmers, and fishermen. He noted that increased exports under the agreement are likely to generate millions of new jobs for women and youth.

Bilateral Commitment

In a joint statement, India and the U.S. described the interim trade deal as a landmark in bilateral partnership, reflecting shared commitment to mutually beneficial, balanced, and results-driven trade. The framework also includes additional market access commitments and support for stronger supply chains, reinforcing economic ties between the two nations.