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Historic India-US Trade Agreement Finalized by PM Modi, Says Piyush Goyal

Commerce Minister Piyush Goyal announced on February 3, 2026, that Prime Minister Narendra Modi has finalized a historic trade agreement with the United States, aiming to enhance economic ties between the two nations. This comprehensive deal is expected to redefine bilateral trade, potentially increasing it by over 20% in the next five years. The agreement encompasses various sectors such as technology, agriculture, and manufacturing, and is seen as a significant step towards achieving India's $5 trillion economy goal. Industry leaders have welcomed the deal, emphasizing its importance for the Make in India initiative.

MBN Business Reporter

MBN Business Reporter

May 6, 2026

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Key Takeaways

  • Historic trade deal finalized by PM Modi and US
  • Bilateral trade expected to grow over 20%
  • Agreement supports Make in India initiative

On February 3, 2026, Commerce Minister Piyush Goyal announced that Prime Minister Narendra Modi has successfully concluded a historic trade agreement with the United States. This long-anticipated deal is set to redefine the economic relationship between the two largest democracies in the world. Goyal noted that the nation is celebrating this diplomatic and economic achievement, which comes after extensive negotiations between New Delhi and Washington.

The trade agreement addresses multiple sectors, including technology, agriculture, and manufacturing, with the primary aim of reducing trade barriers and enhancing market access.

Wire Service: PTI
#Narendra Modi#Piyush Goyal#India#United States#trade agreement#economic relations#bilateral trade#Make in India#Foreign Direct Investment#$5 trillion economy

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