India US Trade Deal: From pulses-milk to laptops..., what will be cheaper and what will be expensive from the trade deal; See full list
New Delhi. India US Trade Deal: Due to the agreement between India and America to reduce reciprocal tariffs, many types of goods can become cheaper in the country. This includes technology related products to some agricultural products.
According to reports, this deal may reduce the prices of tech hardware and their parts like laptops, mobile gadgets and consumer electronics.
Apart from this, processed food, packaged goods and home appliances may also become cheaper due to lower import costs. Import duty on agricultural products like pulses, dairy products and processed food may reduce, which may help in reducing the pressure of rising food inflation to some extent.
These goods can become cheaper in India due to India US Trade Deal
These Indian businesses can benefit
The India-US trade deal could reshape the way trade is done between the world's two largest democracies. With this, India's textile and readymade garment sector can benefit from tariff reduction.
These products may remain expensive
Under this, America has reduced the tariff on Indian goods to 18 percent and India has also reduced trade barriers on American products. According to reports, the agreement also includes India reducing oil purchases from Russia and increasing oil imports from the US and possibly Venezuela.
Prime Minister Narendra Modi wrote on social media platform
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