New Delhi, April 21 -- Finance Minister Nirmala Sitharaman announced on Monday that India is in advanced negotiations with the United States to finalise a bilateral trade agreement, with the first phase potentially concluded by fall this year.

The Finance Minister made these remarks during her interaction with the Indian diaspora at a community event in San Francisco.

Sitharaman emphasised that India has actively engaged with the new US administration to expedite the bilateral trade agreement.

She noted that the reciprocal tariff issue is part of a broader trade negotiation strategy. "The progress of the agreement or the trade agreement that we are working on, at least the first tranche, is something which we hope to conclude positivel...