India, US edge closer to trade deal breakthrough, says Jaishankar

India and the United States have intensified negotiations on a comprehensive trade agreement since early 2025, with both nations working to resolve longstanding tariff disputes and dismantle non-tariff barriers that have hindered bilateral commerce.

External Affairs Minister S. Jaishankar said the two sides are nearing a "landing point" in their discussions, signalling that a resolution to key sticking points may be within reach. The proposed pact is designed to create a more level playing field for Indian and American businesses while addressing concerns on both sides about market access and trade practices.

The negotiations have focused on eliminating protectionist measures and reducing tariff friction that has periodically strained the economic relationship between the world's two largest democracies. Officials from both countries have engaged in multiple rounds of talks to forge an agreement that balances the interests of their respective industries and consumers.

The push for a trade agreement reflects New Delhi and Washington's commitment to deepening economic ties as part of their broader strategic partnership. A successful conclusion to the negotiations could open new opportunities for Indian exporters in sectors including pharmaceuticals, information technology services, and agricultural products, while providing American companies greater access to India's growing consumer market.