In significant development, India and the United States have successfully negotiated a limited trade agreement, according to a senior government official.
The deal comes after weeks of intensive discussions, during which India has learned to deal with key requirements. “We were ready to absorb the impact of tariffs if the United States remained inflexible,” the official said. “But Washington has shown a willingness to get involved and that has allowed the deal to move forward.”
While the details of the agreement have yet to be officially announced, the breakthrough is considered a positive step towards resolving long -standing trade tensions between the two countries.
The limited deal is expected to cover the sectors selected and can pave the way for a wider trading pact in the future.
Sources have suggested that the announcement of the deal can be expected for hours, perhaps by US President Donald Trump.
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