ADVERTISEMENTBoeing India and South Asia president Salil Gupte said the agreement would boost industrial growth, strengthen national security, and deliver win-win opportunities for both countries. The Indian Pharmaceutical Alliance (IPA) said strengthening the India-US medicines partnership is critical as medicine security is part of national security, noting that generics are exempt from tariffs even as pharmaceuticals remain under the US Section 232 national security review. “The India-US interim trade framework marks a major win for India, with reciprocal tariffs cut to 18 per cent for several labour-intensive sectors, including textiles. The agreement also opens the Indian market wider to American wines, spirits and select agri products, drawing a mixed response from the domestic alcohol industry. American whiskey producers said the framework would enable long-term investment and competitive access to a fast-growing spirits market.

Source: The Telegraph February 07, 2026 23:29 UTC