The US has assured India of a comparative tariff advantage over rival economies under the proposed bilateral trade deal, with both sides aiming to conclude the first tranche by the end of the current financial year.

The US has assured India of a comparative tariff advantage over rival economies under the proposed bilateral trade deal, with both sides aiming to conclude the first tranche by the end of the current financial year.

India and the United States have resolved most issues in their proposed trade agreement. An early conclusion could improve market access while securing balanced tariff advantages for India.