India and the United States are currently engaged in discussions to establish a bilateral trade agreement, with a focus on creating a fair and all-encompassing deal, amidst escalating worries over tariffs. The negotiations are advancing positively, with a shared objective of propelling the Indian economy towards Viksit Bharat 2047, a vision for a developed India. Both countries are dedicated to fostering a harmonious trade partnership and have set an ambitious target of increasing bilateral trade to $500 billion by the year 2030.