India and the United States are currently engaged in active discussions to establish a bilateral trade agreement, with an aim to create a fair and comprehensive pact amidst growing tariff issues. The negotiations between the two countries are moving forward positively, with a focus on enhancing the Indian economy in line with the Viksit Bharat 2047 vision. The governments of India and the United States are dedicated to fostering a mutually beneficial trade partnership and are working towards doubling their bilateral trade to $500 billion by the year 2030.