India and the US have finalized the framework of a trade agreement, but its implementation is stalled by New Delhi's need to secure a competitive tariff advantage over rival nations, according to Union Minister Piyush Goyal. The key hurdle is ensuring Indian exports face lower duties than those from competing countries.
M&M Group Chairman Anand Mahindra met with US Ambassador Sergio Gor to discuss the automaker's investments in the US, which are boosting manufacturing, creating jobs, and strengthening supply chains. The meeting also touched upon ongoing US-India trade deal negotiations.
US Secretary of State Marco Rubio will visit India from May 23-26 for a Quad meeting, focusing on energy, security, trade, and defense cooperation. The visit comes amid global energy shortages due to the conflict in the Middle East and the blockade of the Strait of Hormuz, impacting India's oil prices.
Indian companies are set to invest over $20.5 billion dollars in the United States in various sectors including technology, manufacturing, and pharmaceuticals. "Twelve Indian firms alone announced 1.1 billion dollars in new investments today and these partnerships are creating American jobs and strengthening supply chains," US ambassador to India Sergio Gor said.
US Ambassador to India condemned the Pahalgam terror attack on its one-year anniversary, reaffirming Washington's support for India's fight against terrorism. Prime Minister Modi also paid tribute, vowing that India will never bow to terror. The attack led to Indian military operations targeting terror infrastructure.
US Ambassador to India Sergio Gor completed 100 days in office on April 19, 2026, highlighting key milestones including the bilateral trade agreement announced in February, India's accession to Pax Silica, and enhanced defense cooperation. Gor emphasized the partnership is delivering results, stating the US and India aren't just talking but achieving tangible outcomes.
