India and the United States are currently engaged in discussions to establish a bilateral trade agreement, with a focus on creating a fair and comprehensive deal amidst increasing tariff issues. The negotiations between the two countries are moving forward positively, with the ultimate objective of propelling the Indian economy towards Viksit Bharat 2047, a vision for a developed India by 2047. Both India and the United States are dedicated to fostering a balanced trade partnership and are aiming to double their bilateral trade to $500 billion by 2030. This trade agreement holds significant importance for both nations, as it has the potential to strengthen economic ties and create new opportunities for growth and cooperation.