NEW DELHI, Feb 3 (Reuters) - India has agreed to buy

petroleum, defence goods, electronics, pharma and telecom

products as well as aircraft from the U.S. under a trade deal, a

government official told ‌Reuters on Tuesday.

U.S. President Donald Trump announced a trade deal with

India on ​Monday that slashes U.S. tariffs on Indian goods to 18%

from ‍50% in exchange for India halting Russian ⁠oil purchases and

lowering ⁠trade barriers.

Trump said India agreed "BUY AMERICAN at a much higher

level." He said ‌India could buy $500 billion worth ​of U.S.

energy, coal, along with technology, agricultural and other

products.

The Indian government official, who did not want ⁠to be

named, said India ‍has agreed ​to buy U.S. goods to reduce the

trade deficit that the U.S. has with India.

India's trade ministry did not ‍immediately reply to an

e-mail seeking comment.

India's exports to the U.S. rose 15.88% year-on-year to

$85.5 billion in January-November, while imports stood at $46.08

billion, commerce ministry data showed.

"The commitment to buy U.S. products covers sectors like

pharmaceuticals, telecom, defence, petroleum and ​aircraft. ‍It

will be done over the years," the official told Reuters.

"We have offered market access in some agricultural

products ​too," the official said, without giving details.

The official said the deal is the first tranche and a

more comprehensive deal will be negotiated over coming months.

Under the deal, India has cut tariffs on automobiles as

part of Washington's immediate demand to address the trade

imbalance.

The ​announcement lifted investor sentiment on Tuesday.

India's benchmark stock index, the Nifty 50, was

up nearly 3% and the rupee climbed over 1% to 90.40 per

dollar ‍in early trading.