India, US aim to seal major trade deal by November

India Nov 05, 2025

India and the US are pushing to seal a major trade deal by November 2025, hoping to boost their annual trade from $191 billion to $500 billion by 2030.
Talks are moving forward—Commerce Minister Piyush Goyal says both sides are committed.

New US tariffs on Indian goods slowing down talks

Analysts suggest this deal could lead to more jobs, investment, and stronger ties between the world's two biggest democracies.
But there's a snag: new US tariffs of up to 50% on Indian goods (since August) hit about 70% of what India sells to the US, slowing down business and investment plans.
Whether these hurdles get cleared will decide if this ambitious partnership actually takes off.