https://www.taxtmi.com/news?id=69864 A bilateral trade agreement between India and the US reduces the reciprocal tariff on Indian goods to 18 percent, altering tariff incidence and improving competitiveness for export-oriented industries. The tariff change directly boosted equity markets, with strong gains in textiles, leather, gems and jewellery, seafood and specialty chemicals, while mid- and small-cap stocks rallied amid increased risk appetite and expectations of renewed foreign investment following currency strength. en-us Tue, 03 Feb 2026 17:31:04 +0530 Tue, 03 Feb 2026 17:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69864 A bilateral trade agreement between India and the US reduces the reciprocal tariff on Indian goods to 18 percent, altering tariff incidence and improving competitiveness for export-oriented industries. The tariff change directly boosted equity markets, with strong gains in textiles, leather, gems and jewellery, seafood and specialty chemicals, while mid- and small-cap stocks rallied amid increased risk appetite and expectations of renewed foreign investment following currency strength. News - Tue, 03 Feb 2026 17:31:04 +0530 https://www.taxtmi.com/news?id=69864