India-US trade deal almost done, says Commerce Minister
Business
India and the US are close to finalizing a major trade agreement, according to Commerce Minister Piyush Goyal.
This update comes just after India signed a Free Trade Agreement (FTA) with New Zealand—making it the third such deal with key Western partners this year.
Why should you care?
These talks matter because they could lower steep US tariffs on Indian goods, open up more markets for Indian businesses, and help address the US's record $45.7 billion trade deficit with India.
There's also talk of new FTA negotiations with Canada soon.
Officials say most issues are nearly sorted and hope to seal the deal by year-end—potentially boosting jobs, exports, and opportunities for young Indians in global markets.