India, the United States may agree on the temporary trade agreement by June 25, the report says

India and the United States may agree on a temporary trade agreement by June 25, according to the resource transfer report. This comes after the sources said earlier that the commercial agreement is likely by July 8.

According to a report at the PTI news agency, the sources said: “The talks are moving. Things are on the right path.”

This development comes after the White House economic advisor, Kevin Haysit, indicated that India is among a selection with “close -up” agreements. US President Donald Trump had previously indicated that they were not in a hurry and a commercial deal will be completed if it was useful mutual.

The private secretary at the Ministry of Commerce, Rajish Agrouwal, a senior negotiator in India, concluded his four -day visit to Washington last week, where he had talks with his American counterpart. The Minister of Trade and Industry, Bush Goyal, also concluded his visit in Washington last week, which is believed to have given a batch of talks. Joyl also met the Minister of Commerce, Howard Lottenic twice during his visit.

Previous reports also stated that India is paying for a full exemption from the 26 percent mutual tariff imposed by the United States on local commodities. The stopping will be suspended on the mutual tariff after July 9.

Both countries aim to conclude the first phase of the bilateral trade agreement by September of this year.

The United States remained the largest commercial partner in India for the fourth year in a row in 2024-25, as the value of bilateral trade amounted to 131.84 billion dollars. The United States represents about 18 percent of the total exports of commodity in India, 6.22 percent of imports, and 10.73 percent of the total goods trade in the country.

India recorded a trade surplus of $ 41.18 billion of goods with the United States in 2024-25. This surplus has become steadily from $ 22.73 billion in 2020-21 to 35.32 billion dollars in 2023-24.

Both countries aim to more than a double double trade to $ 500 billion by 2030.

India is looking for duty concessions for intense sectors in workers such as textiles, gemstones, jewelry, leather goods, clothes, plastic materials, chemicals, shrimp, oil seeds, grapes and bananas in the proposed commercial agreement. The United States, in turn, wants duty concessions on some industrial goods, cars – especially electric cars – Winat, petrochemical products, dairy, and agricultural tools such as apples, tree nuts, and genetically modified crops.