India-US Trade Deal: First Tranche Expected Soon

The Commerce Secretary of India has shared an update on the trade deal with the United States.

They are working on a big trade agreement called a Bilateral Trade Agreement (BTA).

The goal is to remove tariffs, which are like extra taxes on goods when they are traded between countries.

The secretary said that the first part of this deal, called the first tranche, is expected very soon.

However, completely removing all tariffs will take more time, and they are not rushing the process.

They are carefully working on different parts of the agreement.