America agrees a trade deal with India, but the devil may be in the detail.

Live from the UK, this is the Marketplace Morning Report from the BBC World Service.

Hello, I'm Nick Qureshi.

Has Donald Trump really pulled off another of his much-touted trade agreements?

The US president announced that America would cut tariffs on goods imported from India

and said in return India had promised not to buy any more Russian oil.

Trouble is when Prime Minister Narendra Modi announced the tariff reduction,

he did not mention anything about Russia or its oil.

Here's the BBC's Asia Business correspondent, Ashtana Shukla.

Hi, Ashtna.

Hi, Nick. Give us some details then about this trade deal.

Well, the details are still a bit sketchy, but what's clear for now is that US will lower tariffs on Indian goods from 50% to 18%. And that is a big deal because US is India's largest trading partner, more than a third of what India exports goes there.

So for export-driven sectors like textiles, gems and jewelry, seafood and auto components, it is a major relief.

Many of the exporters that we've been speaking to over the last several months, they said nearly 30 to 50% of their business had collapsed.

So for them, it's a major relief.

But apart from that, the fine print of the deal is really missing.

While President Trump says India will stop buying Russian oil, that India will also cut tariff on American goods to zero,

none of this is actually confirmed by New Delhi. Could there be a reason, Archina, why Narendra Modi would promise President

Trump various things, but not want to make that public? If we talk about the Russian oil purchases,

India and Russia are long-term allies. And it's unlikely that India will completely cut down

its Russian oil purchases, one, because it's also cheap, and secondly,

because of the longstanding relations. And even from the geopolitical lens, Beijing, Delhi,

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