India US Trade Deal: The trade deal between India and America, which was inconclusive for a long time, was sealed late on Monday night. After this agreement, while there is tremendous enthusiasm in the stock market, the rupee also seems to be jumping with strength. Meanwhile, Chairman of the country’s largest bank SBI, C.S. Shetty called it a very positive step for the domestic economy.

Big benefit to economy from trade deal

He said that last night an agreement was reached between the two countries on removing the heavy burden of tariffs. Shetty further said that apart from this deal with America, India is also signing free trade agreements with many other countries, which will open new avenues of trade and will provide direct and huge benefits to the economy and exports.

Finance Minister Nirmala Sitharaman on Tuesday welcomed the cut in US duty on Indian products, calling it a big boost for the ‘Made in India’ initiative. He posted on the social media platform ‘X’ and said that now Indian goods will have to pay only 18 percent less retaliatory duty in America. Calling it a good news for ‘Made in India’ products, he thanked the leadership of Prime Minister Narendra Modi and US President Donald Trump for this achievement and said that it will benefit the people of the two biggest democracies of the world.

Shares of these sectors jumped

The Union Finance Minister further said that this success has been achieved after the high-level telephone conversation between Prime Minister Modi and President Trump. In return, India has committed to reducing trade barriers for US goods as well as significantly increasing imports in several sectors, including energy, technology and agriculture.

Shares of textile and leather sector rose by 20 percent on Tuesday morning after the trade deal between India and America was sealed. Under this deal, Washington will reduce the retaliatory duty on Indian goods from the current 25 percent to 18 percent. On BSE, shares of KPR Mills increased by 20 percent, shares of Garware Technical Fibers increased by 20 percent, shares of Welspun Living increased by 19.85 percent, shares of Vardhaman Textiles increased by 19.60 percent and shares of Trident increased by 19.52 percent.

Also read: Rupee roars after Trump cuts tariffs on India, jumps 1.2%, washes dollar a lot

As the Union Budget 2026-27 approaches, expectations from the MSME sector have increased. Nearly one-third of India’s GDP and nearly 50% of its exports come from MSMEs, but in FY26 the sector struggled with global tensions, US tariffs, increasing compliance burden and credit crunch. The inverted duty structure after GST 2.0 has trapped working capital in GST refunds. FISME is demanding fast automatic GST refund, tax rate balancing and less compliance. Due to US tariffs, exporters’ sales have fallen by 50–60%, leading to the risk of loan defaults. MSMEs want cheap loans, collateral-free credit, 30% micro units in government procurement and stable policies.

Prime Minister Narendra Modi will address the country at 5 pm today. It is being speculated that PM Modi can talk about GST reform in his address because tomorrow i.e. 22 September new rates of GST 2.0 are going to be implemented in the country.

Recently, when the US imposed a 50 percent tariff on India, Prime Minister Narendra Modi appealed to the citizens to adopt indigenous from a public meeting. He said that adoption of indigenous is not only a means of economic strength, but it is also a way to increase the self -reliance and cultural pride of the country. He has asked the industrialists and the general public to increase the use of local products, which increases employment opportunities and strengthens India’s economy.

When did PM Modi address the country?

-Prime Minister Narendra Modi first addressed the country on 8 November 2016. Addressing the country at 8 pm, PM Modi announced to close 500 and one thousand rupee notes.

-After the removal of Section 370 from Jammu and Kashmir, he addressed the nation on March 27, 2019.

-When the cases of Corona started in the country, Prime Minister Narendra Modi, while addressing the people of the country on 19 March 2020, appealed for the public curfew.

When Korona started showing havoc all over the world, the cases started increasing in the country, then PM Modi once again addressed the country at 8 pm on March 24 and announced a lockdown across the country.

On April 3, 2020, PM Modi appealed to light lamps in honor of the warriors engaged in emergency works during the Korona period.

-PM Modi once again extended the lockdown to May 3 across the country on 14 April, 2020.

Prime Minister Narendra Modi launched the self -reliant Bharat Abhiyan on May 12, 2020. On June 30, the free ration scheme was extended for six months.

On 20 October, PM Modi gave a message further strengthening the fight against Kovid-19-until the medicine is not lax.

-On November 19, 2021, the Prime Minister withdrew the three agricultural laws while addressing the country. The farmers protested fiercely on the boundaries of Delhi against these laws.

Recently, after the Pahalgam terror attack in 2025, the Indian Army launched Operation ‘Sindoor’. After the success of this campaign, Prime Minister Modi while addressing the nation strongly condemned the terrorist attack and appreciated the bravery of the army.