India, US Nearing Trade Deal After 'Significant Progress' in Negotiations

• India and the US have made "very significant" progress in trade deal negotiations, with a positive outcome anticipated.
• Indian negotiators maintained contact with US counterparts even while finalizing a free trade pact with the European Union.
• The EU trade deal is not a response to US trade relations; the American market remains crucial for Indian exporters.
• Previous talks faced hurdles due to US tariffs on Indian goods and other policy differences under the Trump administration.
• India aims for export growth in both the US and Europe to boost job creation and manufacturing.

Why It Matters: India and the US are close to finalizing a trade deal, highlighting the importance of both markets for Indian exports.