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India-US Trade Deal to Boost MSMEs, Jobs, Says Amit Shah

Union Home Minister Amit Shah stated the India-US trade agreement will strengthen MSMEs, enhance global competitiveness, and create jobs. He credited Prime Minister Narendra Modi for the initiative, which will also secure new supply chains and increase investment flow. The deal follows a recent landmark trade agreement between India and the European Union. Prime Minister Modi also expressed gratitude to President Donald Trump for reducing tariffs on Made in India products, highlighting the benefits of cooperation between the two democracies.

Key Points: India-US Trade Deal to Boost MSMEs, Jobs: Amit Shah

  • Boosts MSMEs & global competitiveness
  • Increases employment opportunities
  • Secures new supply chains
  • Accelerates economy toward Viksit Bharat
2 min read

India-US trade deal to boost MSMEs, job oppotunities, says Home Minister Amit Shah

Amit Shah says India-US trade deal will boost MSMEs, global competitiveness, and employment. PM Modi thanked President Trump for tariff reduction.

"This deal... will prove to be a milestone in realising our resolve to make India a leader in every sector by 2047. - Amit Shah"

New Delhi, February 3

Union Home Minister Amit Shah on Tuesday stated that the India-US trade agreement will boost MSMEs, global competitiveness among small industries, and increase employment opportunities.

Taking it to X, the Home Minister said that the trade deal between the two nations will help secure new supply chains and enhance investment and Credit Flow.

"India-US trade deal will give new strength to India's MSMEs. This will boost the Global competitiveness of small industries, increase employment, secure a place in new supply chains, and enhance investment and Credit Flow. Gratitude to PM Modi for this initiative that directly benefits the country's small entrepreneurs," Shah wrote on X.

In a separate post on X, Shah extended heartfelt congratulations to Prime Minister Narendra Modi for securing the agreement. He stated that the deal will accelerate the Indian economy and propel it towards the goal of achieving "Viksit Bharat" by 2047.

"Today, at the NDA parliamentary party meeting on the historic India-US trade deal, all MPs congratulated Prime Minister Narendra Modi. This agreement will open new doors of opportunities for every Indian. This deal, which will give a new momentum to our economy, will not only boost employment but will also prove to be a milestone in realising our resolve to make India a leader in every sector by 2047," he wrote.

The trade deal with the United States comes within a week of India signing a landmark trade deal with the European Union.

PM Modi on Monday said that it was wonderful to speak with his "dear friend President Trump" today and expressed delight 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," PM Modi said in a post on X.

The Prime Minister said that when two large economies and the world's largest democracies work together, it benefits our people and unlocks immense opportunities for mutually beneficial cooperation.

"President Trump's leadership is vital for global peace, stability, and prosperity. India fully supports his efforts for peace. I look forward to working closely with him to take our partnership to unprecedented heights," PM Modi said.

- ANI

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Reader Comments

S
Sarah B
Interesting development. Stronger India-US ties are crucial for global stability. Reducing tariffs on 'Made in India' goods should make our exports more competitive. Curious about the specifics of the deal though - what sectors will benefit the most?
R
Rohit P
Good news on paper. But we've heard promises of boosting MSMEs before. The real test is implementation. Will small businesses in tier-2 and tier-3 cities get the necessary support to navigate export procedures and quality standards? That's the key.
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Priya S
After the EU deal, now with the US! This is fantastic momentum for Viksit Bharat. More jobs, more investment, global supply chains... our entrepreneurs are getting a world stage. Jai Hind! 🙏
M
Michael C
As an observer, India's strategic positioning with both the EU and US in quick succession is impressive diplomacy. It strengthens India's role as a reliable manufacturing and trade partner in the current global scenario. Win-win.
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Kavya N
Hope this leads to more high-quality employment, not just more jobs. We need skilled manufacturing and tech roles. Also, while celebrating, we must ensure our domestic markets and farmers are protected. Balance is important.

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