India and the United States have recently announced their decision to engage in sector-specific discussions to facilitate a bilateral trade agreement with the goal of ramping up trade to USD 500 billion by 2030. The upcoming talks will emphasize the need to enhance market access, lower tariffs, and optimize supply chains to achieve this ambitious target. The US is keen on securing duty concessions across different sectors, while India is looking to leverage the agreement to bolster its labor-intensive industries. This development signifies a significant step towards strengthening economic ties between the two nations and fostering mutually beneficial trade relationships.