‘A Big Step for Growth and Partnership’: Amit Shah Welcomes India-US Trade Agreement

New Delhi: After the announcement of the new trade deal between America and India, there is a wave of happiness in the political and industry circles. President Donald Trump has reduced tariffs on Indian goods to 18 percent, which earlier had totaled 50 percent. Experts believe that this is a big strategic victory for India at the global level, especially when there is so much uncertainty and geopolitical tension in the world. This will further strengthen India's position in international trade.

Why are leaders calling it historical?

Home Minister Amit Shah called it a very special day for India-US relations. He says that this agreement will give a new direction to trade relations and will speed up the development of both countries. This will increase both strategic partnership and trust. Railway Minister Ashwini Vaishnav called it a 'win-win' deal for both the countries. According to him, this will open new avenues of industries, investment, and jobs.

How much enthusiasm is there in the industry?

It is being praised in the business world also. RPG Enterprises Chairman Harsh Goenka even called it the 'Mother of All Deals' and 'Father of All Deals' on social media – meaning the biggest deal! Former Snapdeal CEO Kunal Bahl wrote that India is now signing strong agreements with major economies, and the domestic economy is also growing rapidly. US-India Strategic Partnership Forum praised PM Modi's leadership. He says that the reduction in tariff shows the spirit of cooperation between the two countries, which will ease market access and also reduce non-tariff barriers.

How important was the role of PM Modi?

Many people believe that Modi ji's diplomacy and personal touch made this deal possible. Trump himself in his post talked about his friendship and respect for Modi, and said that this decision was taken only at Modi's request. Modi ji also called it a big opportunity for Made in India products and thanked Trump.

Does everything seem easy?

However, some experts are a little cautious. Ajay Srivastava, founder of Global Trade Research Initiative, says that it is not right to celebrate hastily right now. Trump has claimed that India will buy American goods worth more than $500 billion, but at present India's annual imports are much less than this. This is just a long-term target, getting on the ground will be a different thing.

Overall, this deal is full of expectations. Trade tension will reduce, exports will get a boost, but the real benefit will be seen only when it is implemented by both sides. Details are still lacking, implementation is awaited. Hopefully this proves to be a game-changer for both countries!