ADVERTISEMENTThe Indian Rice Exporters Federation (IREF) said it expects the move to restore price parity with competing nations and significantly boost shipment volumes. He called it a “significant victory for price parity.”Exporter RiceVilla Group's CEO Suraj Agarwal said: "Indian rice can now compete on a level playing field in one of our most high-value markets." Seafood exports to the US are also expected to recover following months of declining shipments, the Seafood Exporters Association of India (SEAI) said on Tuesday. Moody's in a statement said the trade deal will reinvigorate India's goods export growth to the US, which remains the country's largest goods export market, accounting for about 21 per cent of India's total goods exports for the first 11 months of 2025. "Lower tariff rate will also be credit positive for labour-intensive sectors such as gems, jewellery, textiles and apparel, which rank the top export sectors," it said.

Source: The Telegraph February 03, 2026 06:40 UTC