New Delhi, Dec. 4 -- India is expected to sign the first tranche of the bilateral trade agreement (BTA) with the United States by the end of 2025, according to reports. At an event last week, India's Commerce Secretary Rajesh Agarwal, said that the talks between the two parties have progressed despite the recent shifts in global trade conditions.

India and the US are making steady progress on a deal running parallel to the broader bilateral trade agreement negotiations, and the government is pursuing "two separate parallel tracks" with Washington, Agrawal said on Friday.

The anticipated India-USA trade deal is likely to focus primarily on resolving the recent punitive tariffs (~50%) imposed by the US, which led to temporary halt or defe...