Sudden Modi-Trump Call Boosts Trade Deal Hopes: Eurasia Group

• PM Modi and President Trump's recent "spontaneous" phone call has increased optimism for progress on the stalled India-US trade deal.
• The informal nature of the call signals a renewal of personal dialogue between the leaders, crucial for advancing bilateral relations.
• Eurasia Group suggests this spontaneous interaction is a positive sign, especially after earlier reports of PM Modi declining Trump's calls.
• Despite five previous attempts, a trade deal was rejected by Trump over insufficient concessions from India, particularly in agriculture and goods.
• The presence of a USTR team in New Delhi indicates a resumption of talks, with Indian officials hoping for a deal by the fiscal year-end.

Why It Matters: Unexpected Modi-Trump call boosts hopes for stalled India-US trade deal progress.