Giving details of the deal, Greer added that with India right now, on industrial goods, the average tariff is about 13.5%

According to a Reuters report, India has agreed to purchase petroleum, defence equipment and aircraft from the United States, while also partially opening its tightly regulated agriculture sector under a trade agreement.

India exports agricultural goods worth about USD 3.4 billion to the US each year, while imports from the American market stand at roughly USD 2.1 billion. This trade balance, the official said, reflects the strength of Indian agriculture in meeting global demand.

India's trade deal with the U.S. fully protects agriculture and dairy sectors, reducing tariffs to 18%, says Piyush Goyal.

Greer confirmed that under the agreement, India will reduce tariffs on American industrial goods to zero from the current average of 13.5 percent, while duties on several consumer categories will also be eliminated.

Addressing the Lok Sabha, Goyal said the Centre had ensured full protection for sensitive sectors such as agriculture and dairy, which have traditionally remained red lines in India’s trade negotiations. “We have been successful in protecting India’s sensitive sectors, including agriculture and dairy,” he told the House.

India, Feb. 5 -- India has completely protected the interests of its agriculture and dairy sector in the India-US trade agreement. It is essential to understand why India is protecting its agriculture and dairy sector.

President Donald Trump on Feb. 2 said he had agreed on a trade deal with India that slashes U.S. tariffs on Indian goods to 18 percent from