Chief Economic Adviser (CEA) V. Anantha Nageswaran has confirmed that India and the US have resolved most of their pending trade issues, according to a report by Moneycontrol citing Bloomberg TV. He added that he would be “surprised” if India and the US do not finalise a trade deal by March.
The remarks come at a time when discussions between New Delhi and Washington are ongoing to deepen bilateral trade ties and address market access concerns.
Nageswaran’s remarks are followed by US trade negotiators claiming the India offer is the ‘best we’ve ever got’. US Trade Representative Jamieson Greer had said that India has made the “best offers Washington has received as a country” so far, as both nations continue their discussions for a trade deal.
India–US trade talks gather pace
On Wednesday, the commerce ministry said in a post on X that “the two sides exchanged views on matters related to India-US trade and economic ties, including the ongoing negotiations for a mutually beneficial Bilateral Trade Agreement.”
Commerce Minister Piyush Goyal also said on Wednesday that “talks are continuously progressing with the US and that India is moving forward towards a bilateral trade agreement,” as per a PTI report.
Positive economic momentum seen for FY27
Speaking about the economic outlook in the same interview, Nageswaran noted that the current positive momentum is expected to support India’s FY27 economic performance. He also commented on the rupee’s recent movement, stating that the currency is currently undershooting its economic fundamentals.
