India, Feb. 4 -- The announcement of the Indo-US bilateral trade pact has ended the atmosphere of uncertainty and will have positive implications for the Indian economy amid global problems, top finance ministry officials said on Tuesday.

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 from the current 25 per cent. The breakthrough follows a high-level telephonic conversation between Prime Minister Narendra Modi and US President Donald Trump.

"Today Indian Economy continues to demonstrate strong macroeconomic resilience. Despite a global environment which has uncertainties, a great deal of uncertainty dropped today morning...," Economic Affairs Secr...