India-US trade deal: Leaders, industry welcome the move, here's who said what

India and the US agreed to a trade deal under which Washington will bring down the reciprocal tariff on Indian goods to 18% from the current 50%, US President Donald Trump said on Monday (February 2). The development came following a phone conversation between Trump and Prime Minister Narendra Modi.

The Prime Minister said he was delighted that "Made in India products will now have a reduced tariff of 18%".

"Wonderful to speak with my dear friend President Trump today. Delighted that Made in India products will now have a reduced tariff of 18%. Big thanks to President Trump on behalf of the 1.4 billion people of India for this wonderful announcement," Modi said.

Here is who said what:

Amit Shah, Home Minister: 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.

S Jaishankar, EAM: This will create more jobs, spur growth, and promote innovation in both economies. It will strengthen 'Make in India' endeavors and encourage trusted technology ties. The opportunities in our economic engagement are truly vast and we are confident of realising them. A robust economic relationship is the strongest foundation for our strategic partnership.

Ashwani Vaishnav, Railways Minister:

Trade deal between the US and India will lead to a brighter future for both countries. The India-US trade deal is a win-win deal. Citizens and industries of both countries will benefit greatly from this deal.

US-India Strategic Partnership Forum: USISPF enthusiastically welcomes President Donald Trump's announcement following his conversation with Prime Minister Narendra Modi, which reaffirms their shared commitment to deepen the US–India economic partnership and advance a bilateral trade agreement.