India-US interim trade deal: Who gains & how, what we know so far

India and the United States have agreed on a framework for an Interim Trade Agreement, paving the way for a full Bilateral Trade Agreement (BTA). Key highlights include tariff relief for India on aircraft, aerospace components, pharmaceuticals, and gems, while the US gets reduced tariffs on agricultural and industrial goods from India. This interim deal clarifies timelines, waivers, and conditions, setting the stage for a deeper India–US trade partnership.