India and the US are making progress toward a mutually beneficial Bilateral Trade Agreement (BTA), with Union Minister Piyush Goyal and US Commerce Secretary Howard Lutnick discussing efforts to reduce tariffs ahead of the 2025 deadline. Goyal highlighted India’s strong case for a trade deal due to its growing, youthful population and economic outlook. Both nations are committed to enhancing business opportunities. The BTA’s terms have been finalized, and successful negotiations could significantly boost bilateral trade. PM Modi and President Trump earlier set a $500 billion trade target by 2030, though Trump recently noted he's not rushing the deal’s conclusion.