Indian and US officials have initiated formal discussions in Washington on a proposed bilateral trade agreement with the aim of resolving outstanding issues across 19 chapters. The US is pushing for increased market access and reduced tariffs to tackle the trade deficit with India, which stood at USD 45.7 billion in 2024. The talks are crucial for both countries as they look to strengthen their economic ties and boost trade relations. The negotiations are expected to cover a wide range of sectors including agriculture, technology, and manufacturing. Both India and the US are keen on reaching a mutually beneficial agreement that promotes fair trade practices and creates a level playing field for businesses from both countries. The discussions come at a time when global trade dynamics are evolving rapidly, and both nations are looking to capitalize on new opportunities while addressing existing challenges. As the talks progress, stakeholders from various industries will be closely monitoring the developments to assess the potential impact on their businesses. A successful trade agreement between India and the US could have far-reaching implications for the global economy, given the size and importance of both countries in the international trade landscape. Stay tuned for more updates on this crucial trade negotiation between India and the US.