Indo-US trade deal to boost investment, exports across key sectors: Piyush Goyal
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The India–US trade deal is expected to unlock fresh investment flows and create new export opportunities across a broad range of sectors, including artificial intelligence, semiconductors, critical minerals, engineering goods, and labour-intensive industries, Commerce and Industry Minister Piyush Goyal said on Tuesday.
Addressing questions on the timing of the announcement, Goyal said the United States had taken the lead in making the agreement public as it involved a rollback of tariffs imposed earlier. “The US tweeted first because they had levied reciprocal tariffs, and they had to lower it so it is natural since they had to lower tariffs. President Trump had to inform them,” he said.
Goyal emphasized that the agreement reflects improving bilateral relations and growing mutual respect between the two countries’ leadership. “I want to thank Donald Trump, who respected PM Modi’s friendship,” he said, adding that “going forward, US-India ties will improve” and “India-US ties will strengthen further, and ensure a bright future.”
Future-ready sectors set for investment surge
Highlighting the investment potential, the minister said the deal would encourage US capital flows into future-focused sectors. “AI, semiconductors, critical minerals, these sectors will get investments from the US,” he noted, pointing to India’s expanding role in global supply chains.
Exports and employment sectors gain momentum
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Export-oriented and employment-heavy sectors are also expected to benefit significantly. “Labour-intensive sectors, IT sector are happy with the deal,” Goyal said, adding that “engineering sector, MSME sector, textile sector, gems and jewellery, marine goods will get many opportunities due to the deal.” He further said that “auto components, aircraft parts, all engineering goods, textile, leather, and marine will get significant opportunities under the trade deal.”
India’s merchandise exports to the US crossed $78 billion in FY25, making it the country’s largest trading partner. Engineering goods, electronics, textiles, and gems and jewellery together account for over 60% of India’s exports to the US, according to commerce ministry data.
Agriculture and dairy interests safeguarded
On agriculture, Goyal assured that domestic interests remain protected. “PM has always taken care of the concerns of agri and dairy sectors,” he said, reiterating that “sensitive agri items, dairy protected in the US trade deal.”
A step forward for India’s economy
Calling it a long-term positive for the economy, Goyal said, “The trade deal is a step forward for India’s bright future. This isn’t just a trade deal but a sign of India’s great future and faster economic growth,” adding that “all sectors in India are jubilant with the trade deal.” He also indicated that a joint India-US statement on the agreement is expected soon.