S Jaishankar said on Tuesday evening at the Bloomberg New Economy Forum that the India‑US trade negotiations were moving toward a landing point, a term he used to denote a near‑final settlement.
The pact, which has been in discussion since early 2025, seeks to resolve tariff‑related tensions and eliminate non‑tariff barriers that have hindered Indian exports to the U.S. market.
Commerce Minister Piyush Goyal echoed that bilateral ties are very good and that the trade agreement will complement a broader partnership that covers defence, technology and critical minerals.
U.S. Trade Representative Jamieson Greer has confirmed that both sides have identified outstanding issues and are working toward resolution, but he warned that a deal is not imminent.
For a small textile exporter in Gujarat, the deal promises a 20‑percent boost in U.S. orders once tariffs are lowered, giving workers a chance to expand production.
If the current trajectory holds, the final agreement should be signed by December, after a series of ministerial meetings slated to conclude next month.