Union Finance Minister Nirmala Sitharaman on Tuesday said that the India-US trade deal will benefit the people of "two large democracies" and thanked Prime Minister Narendra Modi and US President Donald Trump for reaching an agreement.  

Taking to X, Sitharaman said, "Good news for Made In India products. They will now face reduced tariff of 18 per cent. Thanking the leadership of PM Narendra Modi and US President Donald Trump for this development. People of our two large democracies stand to benefit."