India-U.S. deal ‘finalised’, implementation after clarity on India’s competitive advantage, says Goyal

By The Hindu Staff

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India-U.S. deal ‘finalised’, implementation after clarity on India’s competitive advantage, says Goyal — Photo credit: The Hindu

“The U.S. bilateral trade agreement first tranche has been finalised,” Union Commerce and Industry Minister Piyush Goyal said while speaking at an event in Delhi. File | Photo Credit: PTI

The first tranche of the India-U.S. trade deal has been “finalised”, Commerce Minister Piyush Goyal said on Thursday (October 15, 2026). He added that what remained were the “final contours” and the legal vetting, and that the deal would be implemented once there was clarity on India’s competitive advantage over its peers.

Mr. Goyal’s comments come soon after Finance Minister Nirmala Sitharaman said that negotiations on the deal had “plateaued”, with little room remaining for further give and take. Before that, U.S. Trade Representative Jamieson Greer remarked that while the two countries were nearing the end of negotiations, he did not “think there’s something imminent”.

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Originally published by The Hindu on Oct 15, 2026 Read the full article at thehindu.com

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