India just landed "the deal finalized with the US gives India the most preferred market access to the American market in areas of India's interest vis-a-vis all its competitors," in its latest trade deal with the US giving it an edge over global competitors.
The framework for the first tranche, finalized earlier this year, is set to help expand bilateral trade with the US to $500 billion.
Commerce Minister Piyush Goyal called it a major win after months of negotiations, saying it is decided by the leaders of both the countries.
India customs talks amid import surge
Recent meetings in New Delhi focused on syncing up customs processes, not reworking the deal itself.
India's imports from the US have already jumped nearly 26% this year, a sign things are moving fast.
Plus, India is hoping to lock down a free trade agreement with the European Union by the end of 2026 and is actively working with both partners to sort out tariffs and other trade hurdles.