New Delhi, Feb. 7 -- From Prime Minister Narendra Modi to Union Finance Minister Nirmala Sitharaman, several leaders in India hailed the India-US "interim" framework revealed by the two parties on Saturday.

According to the joint statement, the two countries will "promptly" implement this framework and work towards finalising the interim agreement with a view to concluding a mutually beneficial Bilateral Trade Agreement (BTA).

Union Commerce Minister Piyush Goyal said the interim pact will open a $30 trillion market for Indian exporters, especially MSMEs, farmers and fishermen, as US duties on Indian goods will come down to 18 percent from 50 percent earlier.

PM Modi called it a "great news" and thanked US President Donald Trump "for h...