Experts are applauding the US-India trade deal’s tariff cut to 18% on Indian textile exports, down from 50%, predicting a renaissance for the sector plagued by high duties. This agreement promises not just relief but a stable trading environment.
SIMA General Secretary J Selvaraj was unequivocal: ‘Among peer exporters, 18% is unbeatable, boosting our international competitiveness.’ Buoyed by UK and EU pacts alongside Budget 2026-27, the textile fraternity is optimistic about sustained growth.
Dr. RS Ghuman, agriculture economist, forecasted a trade surge. ‘Lower tariffs mean heightened bilateral exchanges, energizing national commerce. However, elevating goods’ standards will be key.’ Exclusions for dairy and agri products shield domestic interests.
From TECPROCIL, Vice Chairman Ravi Sam detailed the pre-deal woes: exorbitant US tariffs had decimated margins. The new 18% framework offers immediate respite and long-term viability.
Trade guru CA Sanjay M Dhariwal painted a holistic picture. ‘Core beneficiaries are textiles and agriculture, but stability aids IT, pharma too.’ As India navigates global trade winds, this deal cements its position as a reliable partner, driving exports, innovation, and economic resilience.