The Indian economy received a historic boost this Wednesday, February 4, 2026, as the finalized details of the India-U.S. Trade Agreement were revealed. Following high-level discussions between Prime Minister Narendra Modi and U.S. President Donald Trump, the deal has triggered the Indian Rupee’s biggest single-day gain since 2018, settling at 90.4 per dollar.
Key Highlights of the Deal:
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Zero Tariffs: The U.S. has agreed to slash tariffs on various Indian industrial goods from 13.5% to zero, making Indian exports significantly more competitive.
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Agriculture Protected: Commerce Minister Piyush Goyal confirmed that sensitive agricultural items and dairy products have been excluded from the deal to protect the interests of local Indian farmers.
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$100 Billion Commitment: India has reportedly committed to purchasing $100 billion worth of U.S. products annually, focusing on technology, energy, and defense.