India-US Trade Deal Live: Piyush Goyal Says Deal Will Provide Opportunities For 140 Crore Indians

India-US Trade Deal Live Updates: The Much-Awaited India-US Deal In Infographics India and the United States have taken a decisive step toward reshaping their economic relationship, with Prime Minister Narendra Modi and President Donald Trump finalising a long-awaited trade agreement.In this infographic-led explainer for NDTV Profit, we break down what changed, why it matters, and how the agreement could impact markets, companies, and consumers on both sides.Read story here. Photo Credit: NDTV Profit India-US Trade Deal Live Updates: Data Centers Purchases To Fetch $20 Billion The $500 billion commitment includes all merchandise purchases like Boeing, Data centers, LPG, coking coal, gold. Of this, Data centers alone will fetch $20 Billion, sources told NDTV Profit.  India-US Trade Deal Live Updates: Auto Components Tariffs Still At 25% Some auto components tariff which fall under the ambit of section 232 may still be levied at 25%, sources said.  India-US Trade Deal BREAKING: Goods Under Protected Section 232 May Receive Relief The section 232 includes steel, Aluminium & Copper where duties remain 50% for national security reasons. However, Govt. sources have told NDTV Profit that some goods under the section may receive concessions.  India-US Trade Deal Live Updates: Zero Tariffs For Some Indian Goods An understanding for agreement has been reached with the US, Government sources told NDTV Profit. The deal includes zero tariffs for some Indian goods too, sources added.  India-US Trade Deal Live Updates: $500 Billion Includes Merchandise Purchases Like Boeing, Coking Coal, Gold, Govt Sources Say The $500 billion commitment includes all merchandise purchases including Boeing, Data center, LPG, coking coal, gold. An understanding for agreement has been reached with the US, Government sources told NDTV Profit. The deal includes zero tariffs for some Indian goods too, sources added.  India-US Trade Deal Live Updates: Joint Statement To Come In 2-3 Days, Sources Say The joint statement regarding details of the trade deal announced by Commerce Minister Piyush Goyal will be issued by both India and United within two to three days, sources told NDTV Profit.  India-US Trade Deal Live Updates: Deal Aims At $500 Billion Volume In Five Years Sources told NDTV Profit that the India-US trade deal aims at $500 billion trade volume in five years.  India-US Trade Deal Live Updates: Both Countries To Issue A Join Statement With Details Of Deal, Piyush Goyal Announces Commerce Minister Piyush Goyal said that the India-US trade deal is in the final stages of detailing and will be notified by both the sides shortly. Both countries will give out details and understanding of the deal.  India-US Trade Deal Live Updates: US To Help India In Hi-Tech Sectors, Says Piyush Goyal “The United States will help India in Hi-tech sectors under the trade deal”, said Commerce Secretary Piyush Goyal. He added that ties between the two economies will only strengthen.  India-US Trade Deal Live Updates: MSMEs, Textiles, Jewellery Sectors To Benefit, Says Goyal “MSMEs, engineering goods, textile, leathers, jewellery sectors will be presented with many opportunities in this trade deal,” said Commerce Minister Piyush Goyal.  India-US Trade Deal Live Updates: ‘All Sensitive Sectors Protected’, Says Piyush Goyal “PM Modi has always protected interests of farmers, livestock holders, dairy farmers. Even in US trade deal, sensitive sectors like agriculture and dairy have been protected,” Goyal said.  India-US Trade Deal Live Updates: Best Deal Among Competitors, Says Goyal “India has got the best deal among competitors. Our teams have been negotiating with US officials for months. There were many issues, complexities that we had to work through to reach here,” said Commerce Minister Goyal.  India-US Trade Deal Live Updates: Piyush Goyal Calls Deal A Gem In India’s Crown Commerce Minister Piyush Goyal said, “The trade deal is a gem in India’s crown and speaks loudly for Narendra Modi’s tenure as Prime Minister. It will open up opportunities for 140 crore Indians including the poor, farmers, fisherfolk, youth, and women.” India-US Trade Deal Live Updates: Trade Deficit Likely Outcome? Shankar Sharma Thinks So Founder of GQuant Investech Shankar Sharma tweeted, “Just so that I don’t misunderstand the trade deal: we have had exports of $ 86 BILLION to US, imports of around 45 billion . Surplus of ~40 billion dollars. Now, we will still export the same, but import $ 500 billion without duty, right? Even assuming this is over say, 5 years , we will export ~ 400 billion and import ~500 billion, resulting in a trade deficit of ~ 100 billion with Amreeka? What am I missing here?” India-US Trade Deal Live Updates: Commerce Minister Piyush Goyal To Give Official Statement Soon Commerce Minister Piyush Goyal will give on-camera statement on US Trade deal at Vanijya Bhawan at 5:15 p.m. today.  India-US Trade Deal Live Updates: Auto Sector To Be In Focus In the two mega-deals in two deals sealed by India with EU and US, opening up of the auto sector is a common denominator. Auto component makers with a strong presence in the US market are also expected to benefit. Lower tariffs can help sustain order inflows from global OEMs, improve margins, and strengthen India’s position as a cost-efficient manufacturing hub.Auto & Auto Ancillary Stocks with high US exposure: Sona BLW – 40% Ramkrishna Forging – 27% Bharat Forge – 25% Tata Motors – 23% Samvardhana Motherson – 18% Balkrishna Tyres – 18% Sanmar/ Sansera Engineering – 9% Apollo Tyres – 3% India-US Trade Deal Live Updates: Jio BlackRock Says Focusing On Long-Term Growth It has lifted a level of uncertainty. Positive impact on markets. Details of the deal are still awaited. We focus on long term growth for our clients as per their risk appetite. Events like US deal have the power to shift the asset allocation of clients.  India-US Trade Deal Live Updates: Rupee Outperforms Asian Currencies The India-US trade deal boosted the legal tender to its best session since 2018 on Tuesday as foreign investors flocked into a market they cashed out over the past year amid trade frictions. The rupee strengthened 1.4% to close at 90.27 per dollar, according to Bloomberg data. Intraday, the local currency surged as much as 1.6% to 90.05, becoming the best performing unit in Asia.Read more here: Rupee Logs Best Session In Eight Years After India-US Trade Deal Boost India-US Trade Deal Live Updates: Benchmark Indices Clock Best Close Since May 2025 Nifty clocked its best performance since May 2025 as US-India trade deal fueled investor confidence. Nifty ended in green gaining over 2.5% in trade and closed over the 25,700 mark.  India-US Trade Deal Live Updates: Revenue Secy Says Deal Will Create Opportunities For Labour-Intensive Sectors India-US trade deal will further expand and deepen trade between two of the largest economies of the World. It will create more opportunities for our labour-intensive and manufacturing sectors in the US market and give impetus to mutually-beneficial collaboration in high and advanced technology sectors, ~ Arvind Shrivastava, Secretary, Department of Revenue, Ministry of Finance, Government of India. India-US Trade Deal Live Updates: ‘We Are A Part Of This Grand Vision’, Says Ambassador Of Italy To India, Antonio Enrico Bartoli Ambassador of Italy to India, Antonio Enrico Bartoli says, “I think it’s a very positive development. It lowers barriers and allows more and more trade and investments between partners. We are a part of this grand vision. We successfully concluded the negotiation with India, as EU. I think this will be a game-changer, both for India and for the EU. I think that it can also enhance the economic partnership between Italy and India. In our case, in the case of Europe, there was also a security and defence partnership and that is what we are talking about today, and also a mobility agreement that Italy and India have already agreed upon and signed. That is also an important part of our collaboration…” India-US Trade Deal Live Updates: No Compromise On Protection Of Indian Farmers, Sources Tell NDTV Government sources told NDTV that there will be absolutely no compromise on protecting the interests of Indian farmers, and that sensitive sectors such as dairy and agriculture will remain fully safeguarded under the new trade framework. They emphasised that India will continue to prioritise the needs of its people when making energy purchases, with market prices determining procurement decisions, while remaining committed to sourcing energy only from non‑sanctioned entities. The sources added that India–US bilateral trade is expected to grow fivefold over the next few years, moving toward the USD 500‑billion mark, and that the new trade agreement is poised to unlock significant economic value for both nations. India-US Trade Deal Live Updates: Bharti Enterprises Founder Hails Trade Deal “The India–US trade deal is a much awaited and a significant milestone for both the nations, unlocking immense opportunities for investments, growth. The flurry of FTA’s is an affirmation of India’s role at the centre of global frameworks, aimed at building resilient international trade patterns,” says Bharti Enterprises founder Sunil Bharti Mittal,  India-US Trade Deal Live Updates: MCX Silver Futures Surge 14%, Gold Futures Reclaim Rs 1.53 Lakh Gold and silver futures on the Multi Commodity Exchange (MCX) witnessed sharp buying interest on February 2, 2026, after India and the United States announced a major trade agreement that significantly reduces US tariffs on Indian exports. The development helped bullion prices recover strongly from last week’s steep selloff, as investors reassessed risk sentiment.MCX gold futures surged to reclaim levels above Rs 1.53 lakh per 10 grams, while MCX silver futures climbed close to the Rs 2.7 lakh per kg mark. On the day, gold futures were up more than 6%, while silver futures jumped over 14%, reflecting aggressive short-covering and fresh long positions. India-US Trade Deal Live Updates: EAM Jaishankar To Meet US Secretary of State Rubio In Washington “The Dealmaker in Chief has secured a trade deal with a fast-growing, top five global economy that’s home to over one billion people. Another historic victory for American workers, farmers, and industries,” says Kush Desai, White House Deputy Press Secretary. Meanwhile, External Affairs Minister S. Jaishankar is set to meet U.S. Secretary of State Marco Rubio during his three‑day visit to Washington, where he will also take part in the first Critical Minerals Ministerial focused on enhancing global supply chains. India-US Trade Deal Live Updates: India’s Ambassador to the United States, Vinay Mohan Kwatra’s View India’s Ambassador to the United States, Vinay Mohan Kwatra, welcomed the newly announced India–US trade agreement, saying it would unlock significant opportunities for both countries. He noted that the latest exchanges between U.S. President Donald Trump and Prime Minister Narendra Modi signal the beginning of a promising new stage in bilateral cooperation. In a post on X, Kwatra wrote that, “A big WIN for a consequential partnership under the leadership of Prime Minister Narendra Modi and President Donald Trump. India and USA announce trade deal creating vast new opportunities for the two economies and the people of our two great nations. Today’s announcements herald an exciting new phase in our partnership.” India-US Trade Deal Live Updates: Commerce Minister Piyush Goyal To Make Statement On Deal In Parliament Today, Say NDTV Sources Commerce Minister Piyush Goyal will make a statement on India-US Trade Deal in both Lok Sabha and Rajya Sabha. His statement is expected tentatively between 3 pm to 4 pm in Parliament today, according to NDTV sources.India and the United States have agreed to a trade agreement under which reciprocal tariffs on Indian goods will be slashed to 18% from 25% and the additional 25% duty linked to the purchases of Russian crude oil will be eliminated. India-US Trade Deal Live Updates: DFS Secretary M. Nagaraju’s View Department of Financial Services’ Secretary M. Nagaraju, on the India-US deal, said that, “It’s a good thing that has happened.” He added that the long-awaited agreement “will help exporters.” India-US Trade Deal Live Updates: Ruckus Ensues In Parliament Over Lack Of Details Ruckus ensued in Parliament over the lack of details around the India-US trade agreement announced last night.Responding to Opposition MPs who raised their concerns in the Rajya Sabha, Union Minister JP Nadda said, “Late last night, the U.S. President posted on tariffs and described Prime Minister Modi as a true friend. Following this, the Prime Minister also responded on X, thanking the U.S. President and commenting on trade. The government will issue a suo motu statement on the trade deal and hold a detailed discussion on it. When the government is prepared to give a comprehensive explanation, the conduct of the Congress and the INDI alliance is unacceptable. What we are seeing is simply their frustration speaking.”This is after Congress MP KC Venugopal gave an adjournment motion notice in Lok Sabha, seeking a discussion on the India-US deal. India-US Trade Deal Live Updates: Deal Also Envisages Technology Transfer In The Longer Run, Says Civil Aviation Minister Ram Mohan Naidu “The US–India trade deal reflects strong leadership by Prime Minister Shri @narendramodi ji and President @realDonaldTrump, opening markets, strengthening supply chains, and creating new opportunities for businesses and workers in both countries. It is a win-win for the world’s two largest democracies. With the reduction in tariffs from 25% to 18%, many manufacturing sectors in India will be at an advantage. Make in India products in textiles, garments, auto parts, chemicals, seafood, and gems and jewellery will gain better competitiveness in US markets. The deal also envisages technology transfer in the longer run, which will give Indian manufacturers better opportunities to improve their capacity and product range.”, says Union Civil Aviation Minister Ram Mohan Naidu Kinjarapu. India-US Trade Deal Live Updates: DEA Secretary Anuradha Thakur’s View Department of Economic Affairs Secretary Anuradha Thakur says that they are waiting for the details of the US trade deal. “Let’s see what impact it will have”, she added, saying that the “deal is a result of constructive dialogue.” India-US Trade Deal Live Updates: Trump Official Claims Trade Deal Will Boost US Farm Exports to India US Secretary of Agriculture Brooke Rollins said on Tuesday that the new India–U.S. trade agreement would expand opportunities for American agricultural exports, bringing economic gains to rural communities. In a post on X, she thanked President Donald Trump for “once again delivering for American farmers,” noting that the deal would open access to India’s vast consumer market, raise commodity prices, and bring more income into farming regions.Rollins also highlighted that the US had a $1.3 billion agricultural trade deficit with India in 2024, and emphasized that India’s growing population represents a significant potential market for U.S. farm products.India has not yet released the full terms of the agreement. According to USDA data, US agricultural exports to India totaled around $1.7 billion in 2025, supported mainly by shipments of tree nuts, cotton, and soybean oil. India-US Trade Deal Live Updates: India’s Seafood Exports To US Set To Rebound After Tariff Cut, Says SEAI India’s seafood exports to the United States are expected to recover, following months of declining shipments, after Washington agreed to cut tariffs to 18%, the Seafood Exporters Association of India (SEAI) said on Tuesday.Fish exports to the US fell 15% by volume to 201,501 tonnes in the April-November period of the current fiscal year, while value declined 6.3% to $1.72 billion from $1.84 billion a year earlier, SEAI General Secretary K N Raghavan said, adding that he “expects that with tariffs coming down to 18%, we should get back to the previous levels.” India-US Trade Deal Live Updates: Trade Deal Has Created A Positive Environment, Says PM Modi “The US trade deal has created a positive environment. People were criticizing, but we remained patient, and that patience has paid off. Now, manufacturing should increase, and quality products should be made in the country. All MPs should be present in the House and participate in the discussions,” PM Modi said at the NDA parliamentary party meeting. He added, “I had said that the world order is changing. This is evident after COVID, and today the world order is shifting in India’s favor.”Read more: India-US Trade Deal Shows Patience Paid Off, Says PM Modi India-US Trade Deal Live Updates: ‘Now Have Both The Father And Mother Of Trade Deals’, Says Arvind Panagariya “Bravo! Two of the world’s toughest negotiators come to an agreement. So, we have both the father and mother of all trade deals! Congratulations Prime Minister! India is unstoppable under your leadership!!”, says Arvind Panagariya, Chairperson of the 16th Finance Commission.   India-US Trade Deal Live Updates: Madhusudan Kela’s View “Today is true Diwali from a market perspective. What I feel is there was some amount of feel‑good feeling that was lacking… markets have seen very, very meaningful corrections. This is a clear market which will now become buy on decline… Everyone’s portfolio had taken a beating in the last 15 months, and something like this is a feel‑good feeling,” said Madhusudan Kela, Founder of MK Ventures.  India-US Trade Deal Live Updates: Vijay Kedia’s Song Goes Viral Against the backdrop of the historic trade deal between India and US, ace investor Vijay Kedia has sung a patriotic song lauding his country. The song is now viral on social media. Ab ek secret tujhe , apun bhi batayega, India ko short kiya to, God bhi na bachayega. India habeeb mera India naseeb hai.🇮🇳 Tu bada hi azeez hai , Tu bada hi ajeeb hai. Jo bhi tujhko leke baitha, wo hi khushnaseeb hai. 🇮🇳#TradeDeal pic.twitter.com/cf3xgSKAso — Vijay Kedia (@VijayKedia1) February 3, 2026Read story. India-US Trade Deal Live Updates: Two Mega Trade Deals Compared The India-US trade deal comes days after India and the European Union announced their long-delayed deal. Under the new pact, India will reduce or remove tariffs on nearly 97% of EU exports. In return, the European Union will eliminate tariffs on 99.5% of Indian goods. This will give Indian exporters wider access to the EU market. Read more. India-US Trade Deal Live Updates: Upside To GDP Forecast Chief Economic Advisor V Anantha Nageswaran said with the US trade deal, India FY27 growth could be seen closer to 7.4% due to the economic upside and boost to foreign capital flows.   » Read More