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Greer statement, USTR fact sheet on trade negotiations with India
The US is India's largest trading partner, with bilateral trade reaching $129 billion in 2024, showing a $45.7 billion surplus for India according to US government trade data.
Indian Finance Minister Nirmala Sitharaman stated that India hopes to 'positively conclude' the first part of a trade pact by autumn.
India's Prime Minister Narendra Modi and US Vice President JD Vance noted 'significant progress' in negotiations for a mutually beneficial Bilateral Trade Agreement.
Both countries are aiming to complete the trade deal by fall 2025 and could sign an interim deal soon, as per statements from the PMO.