New Delhi, May 30 -- The bilateral trade talks between India and the US are progressing well, and a US team is slated to visit New Delhi on June 5-6 to discuss it further. The India-US trade deal would mark a significant milestone in economic relations between the two big economies, potentially opening new avenues for bilateral commerce and investment.

In 2024-25, for the fourth consecutive year, the US was India's largest trading partner, with bilateral trade valued at $131.84 billion. India had a trade surplus of $41.18 billion in goods with the US in 2024-25.

According to Mark Linscott, former Assistant US Trade Representative (USTR) and current Senior Advisor at the US India Strategic Partnership Forum (USISPF), the much-anticipated...