New Delhi, Feb. 7 -- India's former G20 Sherpa and ex-NITI Aayog CEO Amitabh Kant on Saturday said that India will gain a competitive edge over countries like Vietnam and Bangladesh, while protecting its agriculture and dairy sectors, after the announcement of the framework of the India-US trade agreement.

In a post on X, Kant highlighted that the Interim agreement has reduced the US tariffs on Indian goods to 18 per cent from the previous hefty tariff of 50 per cent.

"India and the US interim trade deal slashes US tariffs on Indian goods to 18% from a severe 50%, unlocking massive opportunities for our exporters in textiles, pharma, gems, footwear and more. India gains a competitive edge over rivals like Vietnam and Bangladesh while pr...