India-US Bilateral Trade Agreement (BTA)
The Bilateral Trade Agreement being negotiated between India and the United States represents one of the most significant trade initiatives between the two countries. The BTA aims to expand two-way trade, currently around $190 billion annually, by reducing tariffs and addressing market access barriers. The agreement is being negotiated in phases — an interim deal covering goods trade first, followed by a more comprehensive framework covering services, intellectual property, and investment.
- India-US trade stood at approximately $190 billion in 2024-25
- The US is among India's top trading partners; India runs a merchandise trade surplus with the US
- Key Indian exports to the US: pharmaceuticals, textiles, IT services, engineering goods, gems and jewellery
- Key US exports to India: crude oil, LNG, defence equipment, aircraft, semiconductors
- The BTA negotiations were launched on the sidelines of Modi's visit to Washington in February 2025
● Tracked since February 03, 2026 · last seen June 30, 2026 · updates as the daily brief publishes
25 Jun '26
US trade deal to be on the day India secures tariff edge: Piyush Goyal
International Relations
24 Jun '26
India, US move closer to interim trade deal after Goyal-Greer talks
International Relations
15 Jun '26
US Trade Representative to hold trade pact talks with Goyal next week
International Relations
24 Apr '26
India, US agree to stay engaged on trade pact after latest round of talks
International Relations
15 Apr '26
India trade delegation to visit US for BTA talks, first in-person meeting since October
Economics
27 Mar '26
Trade deal with India not far-off, but there are still gaps: U.S. official
International Relations
16 Mar '26
India-US trade deal to be signed when Trump re-establishes tariff rates, Trade Secy says
Economics
International Relations
India's Trade Policy Framework
International Relations
Section 301 of the US Trade Act of 1974
International Relations
IEEPA
International Relations
India's Trade Policy Architecture
International Relations
India's Trade Policy
International Relations
India's Trade Negotiation Architecture
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