India-US Trade Deal: Suspense Continues as Finance Minister Hints at Progress

• Finance Minister Nirmala Sitharaman maintained suspense on the India-US trade deal, stating "Just watch this space" when asked about its finalization.
• Sitharaman highlighted India's ongoing Free Trade Agreements (FTAs) with the EU, UK, Australia, and New Zealand, indicating the US deal is part of a broader strategy.
• Commerce Secretary Rajesh Agrawal confirmed the India-US trade agreement is in its final stages but noted a comprehensive FTA with a large economy takes time.
• The 'chemistry' between Donald Trump and Narendra Modi, with Trump calling Modi a "great friend," has boosted expectations for a mutually beneficial agreement.
• India aims to cross $850 billion in exports this fiscal year, with new trade agreements potentially opening access to 60% of global markets.

Why It Matters: India-US trade deal progress is hinted at by officials, with high anticipation despite no concrete timeline.