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India can achieve $100 bn exports target in F&B, agriculture and marine products in 5 years: Piyush Goyal
The minister emphasised that the target is not very ambitious as the industries need to grow at an achievable combined rate of 14-15 per cent.
Read MoreUS wants a grand trade deal with India, no sector is off the table: US Embassy Spokesperson
Last week, during the India Today Conclave, US Secretary of Commerce Howard Lutnick emphasized that India's tariffs are among the highest globally, highlighting the need for a review of the trade partnership to shape the future relationship between New Delhi and Washington.
Read MoreIndia's farm exports may withstand US tariffs as competitors face steeper duties, says economist
Despite the newly imposed 26% tariff by the U.S. on Indian goods, agricultural economist Ashok Gulati believes India may maintain or even expand its agricultural exports to the U.S. compared to regional competitors facing higher tariffs. With countries like China (34%), Vietnam (46%), and Thailand (36%) facing steeper duties, India holds a relative tariff advantage, especially in seafood and rice exports.
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