As trade talks go on, India and the United States are nearing a long-stalled trade agreement that would reduce the US tariffs on Indian goods to 15-16 percent, Mint reported, citing people aware of the matter. The deal, based on energy and agriculture, may see India gradually scale back its imports of Russian crude oil amid pressure from the States, Mint report added.

Recently, US President Donald Trump said he spoke to Prime Minister Narendra Modi on Tuesday, i.e., October 22, with the talks revolving around trade. Trump stressed that energy was also part of their discussion, reiterating his comment that PM Modi had assured him India would limit its purchase of the Russian oil.

PM Modi also said that the two leaders had spoken to each other. However, he gave no details about what

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