New Delhi: India and the US have made some headway in their trade talks to resolve the tariff issue, even as New Delhi has said that it will not rush into an agreement.
India’s trade delegation, led by Commerce Secretary Rajesh Agrawal, is reported to have held constructive meetings with US officials in Washington last week, a senior official said.
While the US under the Trump administration hardened its stand on Russian oil purchases by India, New Delhi has assured Washington that Indian companies would increase purchases of American oil and gas. Since India is the second-largest consumer of oil and gas in the world, these imports would help to reduce the US trade deficit with India, an issue that Washington has flagged.
Commerce and Industry Minister Piyush Goyal has stated that whil