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India–US trade agreement cuts duties, boosts labour-intensive exports
The India–US trade agreement cuts export duties, supporting labour-intensive sectors, job creation, and improved global market access.
India US trade agreement slashed duties on key exports, providing a boost to labour intensive sectors such as textiles, leather, gems, and engineering goods. Officials said lower tariffs could improve competitiveness, expand market access, and support job creation. Exporters expect higher order flows and better margins, while economists noted gains may lift manufacturing output and strengthen trade ties amid global demand uncertainty this year ahead