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 has safeguarded its agriculture and dairy sectors in the India-US trade deal. Agriculture is vital for India's rural economy, employing millions. Protecting this sector prevents cheap imports that could harm Indian farmers.

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CII President Mr Rajiv Memani, said in statement following the long awaited trade deal between US and India that "The expected reduction of US-India tariffs to 18% marks a