India-US Trade Talks Advance; US Negotiators in Delhi

• India-US trade talks are progressing, with a US team in Delhi for negotiations on a bilateral trade agreement.
• A US delegation, led by Deputy USTR Rick Switzer, is meeting Indian counterparts to finalize the first tranche of the pact.
• The negotiations are crucial due to US tariffs on Indian goods and India's aim to address these through a framework trade deal.
• The agreement seeks to more than double bilateral trade to USD 500 billion by 2030.
• Indian merchandise exports to the US declined in October, underscoring the urgency of resolving tariff issues.

Why It Matters: Crucial India-US trade talks could resolve tariffs and enhance economic partnership.