The agreement is likely to come into effect in the first quarter of the next financial year. This agreement is considered significant at a time when India is facing high tariffs of up to 50 percent in its largest export market, the United States.
India is finalizing major trade agreements with Oman, New Zealand, the EU, and the US. PM Modi and Commerce Minister Piyush Goyal lead the diplomatic push, strengthening India’s global trade presence and economic partnerships.
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