Hopes for an imminent India-US trade deal are fading as a top American official indicates that more negotiations are needed before President Trump's August 1 tariff deadline. Despite ongoing discussions,

India’s talks with the US for an interim deal are in a limbo of sorts, given the lack of a significant breakthrough so far.

US Trade Representative Jamieson Greer said “more negotiations” will be needed with India on a trade deal just days before an Aug. 1 deadline for higher tariffs.

Indian shares were muted in early trades on Tuesday, with benchmark indexes near six-week lows, as concerns over a delay in signing a trade deal with the United States and sustained foreign outflows hurt demand.

Prateek Agrawal, MD and CEO, Motilal Oswal AMC told NDTV Profit that the India-US trade deal should be a 'win-win' for both sides. He added that the deal may open a large export market for India.

In an interview with CNBC, US Trade Representative Jamieson Greer said that Washington needs additional talks to finalise a trade agreement with New Delhi.

India's equity benchmarks were set for a muted open on Tuesday amid caution over a delay in interim trade deal with the United States, sustained foreign outflows and weak earnings.

India-UK trade deal eases market access for Indian medical devices in the UK. Zero tariffs and mutual recognition agreements will boost exports and benefit Indian manufacturers.

In 2024-25, India exported USD 104 million (EUR 89.3 million) worth of seafood to the U.K., with frozen shrimp alone accounting for USD 80 million (EUR 68.7 million), or 77 percent of the total. The U.K. currently accounts for only 2.25 percent of India’s overall seafood export value...

While Greer acknowledged that he had previously suggested a deal with New Delhi might be imminent, he emphasized the significant policy shifts that would be required from India.

The White House altered the plan at the last minute regarding India. Attempts are being made to persuade Trump to rethink his decision. However, at present, negotiators are returning to the negotiation table to resume discussions and, if necessary, completely restructure the agreement.