India-US trade deal: Amit Shah emphasises tariff cut, Piyush Goyal sees boost for MSMEs; Vaishnaw calls it win-win

Senior government ministers and officials welcomed the landmark India–US trade agreement, calling it a major boost to bilateral ties, trade, and long-term strategic cooperation.

Ravi Hari
Updated3 Feb 2026, 01:19 AM IST

Commerce Minister Piyush Goyal called the deal a “landmark agreement” that unlocks opportunities for farmers, MSMEs, entrepreneurs, and skilled workers. (PTI Photo)
Commerce Minister Piyush Goyal called the deal a “landmark agreement” that unlocks opportunities for farmers, MSMEs, entrepreneurs, and skilled workers. (PTI Photo) (PTI)

Reactions have poured in from senior government ministers and officials after the India–US trade deal was sealed, with leaders underscoring its historic significance and wide-ranging benefits. Welcoming the agreement, they described it as a major step toward deepening bilateral ties, boosting trade, and creating fresh opportunities for businesses, farmers, skilled workers, and citizens in both countries.

The responses highlight the deal’s strategic, economic, and diplomatic importance. With tariff reductions and a push to expand cooperation in sectors such as technology, energy, and agriculture, the agreement is expected to strengthen India–US collaboration and unlock new growth avenues for industries and people on both sides.

Amit Shah: ‘A big day for India–US relations’

Home Minister Amit Shah said the deal marked a significant moment in ties between the two countries, pointing to lower tariffs and stronger business prospects.

“A big day for India–US relations as the trade deal has been locked with a significantly reduced tariff of 18%, paving the way for stronger trade ties and mutual growth,” Shah wrote on X, congratulating Prime Minister Narendra Modi and US President Donald Trump for what he called a historic agreement that would benefit people in both nations.

Piyush Goyal: ‘A historic turning point’

Commerce Minister Piyush Goyal described the agreement as a reflection of two like-minded democracies working together for shared prosperity.

Calling it more than just a trade deal, Goyal said it would “reshape India–U.S. relations” and accelerate India’s journey towards Viksit Bharat 2047. He highlighted new opportunities for farmers, MSMEs, entrepreneurs, and skilled workers, adding that the pact would support technology access and innovation under the ‘Make in India’ and ‘Design in India’ initiatives.

Ashwini Vaishnaw: ‘A win-win deal’

IT and Railways Minister Ashwini Vaishnaw underlined the strategic and economic complementarities between the two countries.

“US and India are world’s largest democracies… The trade deal between US and India will lead to a brighter future for both countries,” he said, calling the agreement a win-win for citizens and industries on both sides.

Global diplomats hail strong strategic ties

Indian Ambassador to the US Vinay Kwatra termed the agreement a “big WIN” under the leadership of Prime Minister Modi and President Trump.

He said the deal would create “vast new opportunities for the two economies and the people of our two great nations,” marking an exciting new phase in the India–US partnership.

US Permanent Representative to the United Nations, Zalmay Khalilzad, welcomed the phone call between US President Donald Trump and PM Narendra Modi, calling it “productive.”

“A strong relationship between the #USA and #India is in the strategic interests of both countries,” Khalilzad wrote on X.

Here are some more reactions:

Union Minister Kiren Rijiju described India and the US as “the world’s truest democracies” with shared values and global responsibility.

“Together, we have the potential to advance peace, development, and innovation. The India–US trade partnership reflects mutual trust and opportunity—benefiting citizens, farmers, youth, and industries in both countries,” he said.

Union Minister Jitin Prasada credited PM Modi’s leadership for securing a deal that propels India’s growing economy.

“With his steadfast leadership, skilful diplomacy and unwavering commitment to protecting the interests of the people of India, Prime Minister Shri @narendramodi ji has ensured that a landmark deal that benefits India…has been made with the United States of America.”

Union Minister JP Nadda highlighted the new phase of global confidence the deal brings.

“Under Hon’ble PM @narendramodi ji’s guidance, India’s economic journey has entered a new phase of global confidence and momentum. A robust India–US partnership promises benefits that go far beyond our borders.”

BJP President Nitin Nabin emphasized the economic benefits for Made in India products, youth, and farmers.

“Today’s developments in India–US cooperation mark a major leap for our economic future. Warmly congratulate Hon'ble PM Shri @narendramodi Ji and Hon'ble President Trump,” he wrote.

Maharashtra CM Devendra Fadnavis called it “a big day for Made in India,” highlighting opportunities for young entrepreneurs, farmers, and MSMEs.

“Stronger India–US ties will only amplify this momentum for the world,” he said.

UP CM Yogi Adityanath described the deal as a “landmark moment” that reinforces India’s role in global growth.

“A major boost to #MakeInIndia, as Indian products will gain wider global market access, creating fresh opportunities for Indian youth and MSMEs. Thank you, Hon. PM Shri @narendramodi Ji, for your decisive and determined leadership in advancing stronger India-US ties.”

India–US trade deal announcement

The United States and India have reached a landmark trade agreement, with US President Donald Trump announcing a cut in tariffs on Indian goods from 50% to 18%. The move follows a phone call with Indian Prime Minister Narendra Modi, who confirmed that “Made in India products will now have a reduced tariff of 18%.

Trump said the deal would also see India reduce tariffs and non-tariff barriers on US goods to zero and purchase over $500 billion in US energy, technology, agriculture, coal, and other products.

Also Read | India-US trade deal: What Trump discussed with PM Modi before announcement
Get Latest real-time updates

Stay updated with the latest Trending, India , World and US news.

Business NewsNewsIndiaIndia-US trade deal: Amit Shah emphasises tariff cut, Piyush Goyal sees boost for MSMEs; Vaishnaw calls it win-win
More