Trade talks between India and the US are progressing towards a potentially far-reaching accord, with officials signalling near completion of a historic deal expected to boost sectors such as pharmaceuticals, aircraft, and digital commerce.
India-US trade talks are moving towards what business leaders in Mumbai describe as a broad and potentially far-reaching accord, with the Indo-American Chamber of Commerce saying the negotiations are advancing in a positive direction. Anup Acharya, the chamber’s national president, said the talks had taken time because they cover many issues, but he expects a comprehensive outcome that could support trade and business on both sides. He also said both governments have signalled support from the start.
The comments came after US Ambassador to India Sergio Gor said that 99 per cent of the deal had been settled and only a small portion remained unresolved. According to the White House, the two countries have already announced an interim framework that is meant to pave the way for a fuller bilateral trade agreement covering goods, services, supply chains and digital trade. The framework also aims to improve economic security and reduce barriers that have complicated trade.
The talks are taking place against the backdrop of a recent tariff reset. Indian and US officials announced an interim trade framework on 6 February 2026 that reduced US tariffs to 18 per cent, according to reports in Indian media and a White House fact sheet. Those reports said the arrangement was designed to deepen supply-chain resilience, address non-tariff barriers and set the stage for a broader pact. Industry commentary has suggested sectors such as pharmaceuticals, aircraft, technology and digital commerce could benefit if the negotiations move into a final agreement.
Gor used a special address at the IACC National Convention 2026 to argue for predictable taxation, stable regulation, stronger intellectual property protection and more trust on export controls and technology flows. He also pointed to the scale of the economic relationship, saying bilateral trade in goods and services has risen from about $20 billion to more than $240 billion over two decades. Maharashtra Chief Minister Devendra Fadnavis also met Gor at the convention and said the two sides discussed cooperation in technology, education, universities, data centres and semiconductors, with a focus on drawing investment into Maharashtra.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
