US trade deal boosts India’s target of $250 billion engineering exports by 2030

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Feb 8, 2026 - 10:30
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US trade deal boosts India’s target of $250 billion engineering exports by 2030
The US will cut tariffs on Indian goods to 18 per cent. Additionally, India will also get a preferential tariff rate quota for automotive parts. This is set to help the engineering exports sector regain its competitiveness in the US market.