India-US Trade Deal: Talks Accelerate, First Phase Eyed This Year Amid Tariffs

• India-US trade deal talks are accelerating, with a US delegation currently in Delhi for discussions.
• Union Minister Piyush Goyal confirmed rapid progress towards a bilateral trade agreement, with both nations aiming to finalize the first phase this year.
• The US delegation is led by Deputy US Trade Representative Rick Switzer, while India's team includes Commerce Secretary Rajesh Agarwal.
• Discussions address US tariffs and penalties on Indian products, with India seeking reciprocal tariff solutions.
• Both countries aim to increase bilateral trade from USD 191 billion to USD 500 billion by 2030.

Why It Matters: Crucial India-US trade talks could resolve tariffs and boost exports, benefiting Indian businesses.