Overview

• India and the United States have agreed on a roadmap for the Bilateral Trade Agreement (BTA), targeting the first phase for completion by autumn 2025.
• Vice President J.D. Vance and Prime Minister Narendra Modi formalized the Terms of Reference for negotiations during Vance's visit to India on April 21, 2025.
• India's chief negotiator, Rajesh Agrawal, will travel to Washington on April 23 for three days of in-person discussions to advance the trade talks.
• The 90-day pause on U.S. reciprocal tariffs, announced by President Trump on April 9, remains in effect, providing a window for negotiations before July 9.
• Both nations aim to expand bilateral trade from $129 billion in 2024 to $500 billion by 2030, with India signaling readiness to cut tariffs on over half of its U.S. imports.