New Delhi, Feb. 4 -- A fresh trade understanding between India and the United States is set to reshape market access for Indian manufacturers, with New Delhi positioning the agreement as a clear boost to the government's'Made in India' initiative.

At the centre of the announcement is a reduction in reciprocal tariffs on Indian goods entering the US, now lowered to 18%, down from 25%. Finance Minister Nirmala Sitharaman welcomedthe move, calling it a positive signal for Indian producers competing in global markets.

The breakthrough followed a high-level phone call between Prime Minister Narendra Modi and US President Donald Trump, underscoring the political weight behind the agreement.

Modi described the tariff reduction as a win for In...