India-US Trade Deal Nears Completion: Commerce Secretary Hints at Imminent Announcement

• Commerce Secretary Rajesh Agarwal announced that the India-US trade deal is 'very near' and discussions never stopped.
• Talks are ongoing with the Trump administration, with virtual meetings between Piyush Goyal and USTR Grier already held.
• India's trade with the US, China, and UAE remains strong, with the US as the top export destination ($65.8 billion) and China as the top import partner ($95.95 billion) in December 2025.
• Despite high US tariffs, India exports approximately $7 billion to the US monthly, driven by sectors like textiles, marine products, and gems & jewelry.
• India's pharma exports are diversifying into new markets like Brazil and Nigeria, showing rapid growth.

Why It Matters: The India-US trade deal is on the verge of completion, promising significant benefits for various Indian sectors.