India-US trade deal first phase finalised, legal drafting underway

India's trade secretary Rajesh Agrawal announced that the first phase of a trade deal with the United States has been finalised. Legal drafting for the agreement is currently underway, marking progress in ongoing bilateral negotiations between the two nations.

The anticipated agreement is expected to provide preferential market access and greater tariff stability for Indian exporters. The deal aims to strengthen economic ties between India and the US across key sectors.

US Secretary of State Marco Rubio is scheduled to visit India to discuss further economic cooperation and energy partnerships. The visit is expected to advance discussions on the broader trade framework and bilateral relations.