India-US trade pact: Piyush Goyal explains the one condition to seal the deal

India’s trade pact with the US awaits tariff competitiveness restoration for its first phase. Minister Piyush Goyal stated India needs a comparative advantage over rival nations. This condition must be met before the bilateral trade agreement can commence. Meanwhile, a US legislative proposal could impose tariffs on Russian energy buyers. India has increased its Russian crude oil purchases amid supply disruptions.