New Delhi, May 29 -- India and the US are racing to finalise a long-awaited bilateral trade agreement, with the American negotiating team expected to arrive in New Delhi next week for potentially the final round of face-to-face discussions, a senior Indian official said.

Both sides are aiming to close the deal by the last week of June, before the 90-day pause on the US's reciprocal tariffs ends on 8 July-a deadline that has added urgency to the negotiations.

The breakthrough followed months of quiet shuttle diplomacy and two earlier rounds of in-person meetings led by Indian officials and one round of in-person discussion by a US delegation in March.

Speaking at the CII Annual Business Summit on Thursday, Rajesh Agarwal, India's chief ...