TestCloud
Prep • Practice • Perform
Log In

India-US Trade Agreement Expected to be Finalised by November-End, says NITI Aayog CEO.

National | Dated: 08 Nov 2025

NITI Aayog CEO BVR Subrahmanyam announced that India and the United States are on track to finalise a limited but significant new trade agreement by the end of November 2025. The discussions are primarily focused on enhancing market access for certain goods and resolving long-standing tariff and non-tariff issues, particularly in agriculture and medical devices. The agreement is viewed as a crucial step towards strengthening the bilateral economic partnership and boosting two-way trade, which has seen substantial growth in recent years.

🎯 Key Highlights:

  • NITI Aayog CEO BVR Subrahmanyam made the announcement.
  • The trade agreement with the US is expected to be finalised by the end of November.
  • The discussions focus on market access and resolving tariff issues.

💡 Other Important Facts:

  • The agreement is viewed as a "mini deal" that will pave the way for a larger FTA.
  • India is seeking the restoration of GSP (Generalized System of Preferences) benefits.
  • The focus is also on cooperation in technology and supply chain resilience.

📚 Test Your Knowledge:

Which key Indian official announced the progress on the India-US trade agreement?

Correct Answer: NITI Aayog CEO

🚀 Quick Recap:

About India-US Trade

  • (i) Status: India is a major trading partner of the US. (ii) Trade Volume: Continues to grow, exceeding $140 billion annually.
  • (iii) Key Issues: Market access for agriculture, medical devices, and intellectual property. (iv) Goal: Achieve a Comprehensive Free Trade Agreement eventually.