India, US hopeful of inking trade deal, but New Delhi firm on protecting key sectors

India and the United States are nearing a trade deal, with negotiations ongoing. India has taken a firm stance on protecting sensitive sectors, particularly wheat, maize, dairy, and genetically grown crops. The US seeks market access for its agricultural products, but India prioritises food security and safeguarding domestic farmers. Despite differences, India is willing to lower tariffs on textiles, leather, and pharmaceuticals. President Trump has indicated that the deal is close, stating, 'We're close to making a deal with India.' India is seeking a full waiver from the 26% trade tariff. The two countries aim to finalise an interim trade deal before a July 9 deadline, with a broader bilateral agreement targeted for September-October.