The trade deal between India and the US remains unfinalized despite ongoing discussions. Key issues include US demands for greater access to Indian agricultural markets and tariffs on imports. Delays could negatively impact the Indian economy and stock market.

The previous round of talks took place in Washington, where India's chief negotiator Rajesh Agrawal and Brendan Lynch, the Assistant US Trade Representative for South and Central Asia, engaged in detailed discussions.

The US is set to visit India for another round of trade talks to finalize an interim deal before August, a deadline for tariff suspension. Despite ongoing negotiations, challenges remain over tariffs and trade terms,

India is preparing to face higher U.S. tariffs — likely between 20% and 25% — on some of its exports as a temporary measure, as it holds off on fresh trade concessions ahead of Washington's August 1 deadline,

The current talks between India and the US are most probably going to extend beyond the already discussed August 1 deadline, sources indicated on Monday.

The stakes are high, with the United States and India counting on one another as indispensable partners in their competition with China.

Indian shares were muted in early trades on Tuesday, with benchmark indexes near six-week lows, as concerns over a delay in signing a trade deal with the United States and sustained foreign outflows hurt demand.

As the White House and European Commission offer starkly different versions of their trade pact, it gives India's negotiators ample reason to be alarmed

The India-UK trade pact has incorporated a mutual recognition agreement framework to facilitate smoother entry of medical devices certified by domestic regulatory agencies into the British market, an official said on Tuesday.

Indian negotiators aim to secure trade agreements benefiting MSMEs, similar to the India-U.K. CETA provisions, in talks with the U.S. and EU.

With Trump's tariffs looming, Indian and American officials are in intense discussions to find common ground on customs duties. Despite USTR Jamieson

The White House altered the plan at the last minute regarding India. Attempts are being made to persuade Trump to rethink his decision. However, at present, negotiators are returning to the negotiation table to resume discussions and, if necessary, completely restructure the agreement.