Story perspectives

India-U.S. Trade Talks Plateau, No Deal Imminent

By Drooid · Oct 6, 2026, 3:58 AM UTC · How we work

Summary

Story summary

Finance Minister Nirmala Sitharaman said India-U.S. trade talks have plateaued, making further concessions difficult.
She added that limited rooms may still allow both sides to negotiate additional points.
U.S. Trade Representative Jamieson Greer said on Oct 1 a deal is not imminent.
He said the universe of sticking points has been identified.
India and the U.S. aim to double bilateral trade to $500 billion by 2030.

History

Historical Context

After President George W. Bush and Prime Minister Manmohan Singh announced a civil-nuclear partnership in July 2005, the United States and India signed the 123 Agreement in March 2006, secured a Nuclear Suppliers Group waiver on 6 September 2008, and opened civilian nuclear trade. The deal spurred a trade surge, but today stalled talks echo earlier political resistance that once forced a 275-256 confidence vote in Parliament.

1 of 2

Story summary

Finance Minister Nirmala Sitharaman said India-U.S. trade talks have plateaued, making further concessions difficult.
She added that limited rooms may still allow both sides to negotiate additional points.
U.S. Trade Representative Jamieson Greer said on Oct 1 a deal is not imminent.
He said the universe of sticking points has been identified.
India and the U.S. aim to double bilateral trade to $500 billion by 2030.

1 / 2