NITI Aayog CEO announces deal expected by November-end to boost bilateral economic ties.
Published on: November 09, 2025
By: BTNI
Location: New Delhi, India
India and the United States are reportedly close to finalizing a new trade agreement aimed at strengthening bilateral economic cooperation, according to a statement made by the Chief Executive Officer of NITI Aayog. The proposed agreement, which is expected to be concluded by the end of November, is being seen as a step forward in addressing long-standing trade concerns and improving market access between the two nations.
Discussions between India and the U.S. have been ongoing for several months, with both sides maintaining communication on key areas such as tariff relaxations, regulatory standards, technology exchange, services trade, and agricultural products. While details of the agreement have not been publicly disclosed, officials have indicated that the draft includes provisions designed to promote smoother trade flows and enhance commercial engagement.
The NITI Aayog CEO emphasized that both governments have shown a consistent commitment to strengthening economic ties. He noted that the trade agreement, once finalized, is expected to help reduce barriers that have restricted certain segments of bilateral trade in recent years. The official also highlighted that India’s growing economic capacity and the U.S.’s global market influence make cooperation between the two countries mutually beneficial.
The India-U.S. trade relationship is considered one of the most significant globally, with annual trade volumes valued in billions of dollars across sectors including energy, pharmaceuticals, defense, information technology services, and agriculture. Indian IT services companies, in particular, have long regarded the U.S. as a key market, while American firms continue expanding their presence in India through manufacturing, retail, and digital investment.
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Economic analysts say that the conclusion of the proposed agreement may also help address certain tariff disputes and regulatory issues that have previously led to trade friction. They believe that improvements in cooperation could create additional opportunities for businesses, attract investment, and support job creation in both countries.
Diplomatic engagements between the two sides have remained active, with recent talks focusing not only on economic matters but also on strategic cooperation, emerging technologies, clean energy transition, and supply chain partnerships. Officials have stated that the broader goal is to create a stable and predictable economic environment that benefits industries and consumers alike.
Further announcements are expected once the final negotiations are completed. Government representatives from both India and the United States are likely to issue a joint statement if the agreement is finalized as expected.
