Additionally, the Modi government has committed to addressing longstanding non-tariff barriers that have constrained US farm exports. Another executive order is expected next week, bringing down the reciprocal tariff to 18 per cent, commerce and industry minister Piyush Goyal said. Goyal hailed the deal, which he claimed had opened up a $30-trillion market for Indian businesses. In contrast, around $26 billion worth of imports from the US are going to have greater market access to India, he added. The GTRI’s Srivastava said the target appeared “unrealistic” as it would require more than doubling India’s $45-billion import from the US.

Source: The Telegraph February 08, 2026 01:44 UTC