New Delhi, Feb 3 (PTI) In a first comment by the government following the US tariff cut announcement, Finance Minister Nirmala Sitharaman on Tuesday said that India's exports will get a further boost.

In an interview with PTI Videos, Sitharaman said the tariff announcement, in which Indian exports to the US will attract a lower 18 per cent tariff, is a "good auguring" for India.

India and the US have agreed to a trade deal under which Washington will bring down the reciprocal tariff on Indian goods to 18 per cent, US President Donald Trump said on Monday after a phone conversation with Prime Minister Narendra Modi.

The details of the deal are still awaited.

Sitharaman said taken together with the new markets, "exports will pick up now". PTI DP JD ANZ MBI CS '

India's exports likely to gain as the US agrees to cut reciprocal tariffs on Indian goods to 18 percent. The United States and India have agreed to a bilateral trade arrangement under which Washington will reduce the reciprocal tariff on Indian goods to 18 percent, with the detailed terms, product coverage, and implementation measures yet to be published; the Indian government says the reduction will boost exports.