Archive · 25 Sep 2025
India-US Trade Talks: Discussions Continue in New York
India and the US are discussing a new trade deal to make it easier for them to trade with each other.
Indian officials met with US officials in New York to talk about this.
They are trying to work out how much each country will charge for goods, how easy it is to sell things in each other's countries, and other rules.
The goal is to increase trade between the two countries to $500 billion by 2030.
The talks also focus on recent challenges, like higher fees for Indian companies in the US and tariffs on some Indian goods.
The first phase is hoped to be completed by fall 2025, and would be a big step forward in the trading relationship.
Indian team returned from US after trade talks with American counterparts.
Discussions covered tariffs, market access, tech, and intellectual property.
Talks aim to double bilateral trade to $500 billion by 2030.
The US is India's largest trading partner for the fourth consecutive year.
Issues include tariffs on Indian goods and H-1B visa fee hikes.
- Who
- India and the US
- What
- Ongoing trade discussions regarding a proposed bilateral trade agreement.
- When
- The Indian team has returned from talks in the US; talks have been ongoing at multiple levels, with an aim to finalize phase one of the pact by fall 2025
- Where
- New York and Washington
- Why
- To foster a comprehensive and mutually beneficial relationship, increase trade, and address existing trade issues.
Indian Concerns
US Policies
Tariffs on Indian Goods
Indian Concerns
India is seeking to mitigate the impact of 25% tariffs and an additional 25% penalty imposed on Indian goods due to purchases of Russian crude oil.
US Policies
The US imposed the tariffs on goods due to Indian purchases of Russian crude oil.
H-1B Visa Fee Hikes
Indian Concerns
Nasscom has expressed concern that increased visa fees will limit the flexibility of Indian companies in meeting US demand.
US Policies
The US implemented increased application fees for H-1B visas.
- Meeting Location
- New York
- Key Attendees
- Piyush Goyal and Senior Officials
- Bilateral Trade Target
- $500 billion by 2030
- Current Bilateral Trade (2024-25)
- $131.84 billion
- US as India's Trading Partner
- Largest for the fourth year in a row
- India's Exports to US
- $86.5 billion
