India-US Ties Back on Track as Trade Deal Nears Final Stage, Says USISPF Chief Mukesh Aghi

Speaking in an exclusive interview with NDTV following the USISPF Leadership Summit in Washington, Aghi said the partnership between the two nations remains strong and continues to expand despite temporary political differences.

"The whole objective of the message was that the relationship between India and the US is still on solid ground," Aghi said. He added that the partnership continues to demonstrate sustained growth across multiple sectors and is progressing in the right direction.

Aghi acknowledged that the relationship had experienced some political turbulence but described such developments as a normal aspect of international diplomacy. He said both countries possess sufficient institutional depth and experience to effectively manage such challenges.

"When you look at the economic story, you look at the technology story, and you look at people-to-people, it is moving in the right direction," he said, emphasizing the continued strengthening of economic cooperation, technological collaboration, and public engagement between the two nations.

Discussing the proposed India-United States bilateral trade agreement, Aghi stated that negotiators have significantly narrowed their differences, with only a few outstanding issues remaining before the agreement can be finalized.

Referring to remarks made by Ambassador Gor, Aghi said only a limited number of matters are yet to be resolved. He explained that India is seeking preferential treatment and a fair tariff structure, which remain the principal areas under discussion.

Asked about the possibility of United States President Donald Trump visiting India next year, Aghi expressed hope that the American leader would be invited as the Chief Guest for India's Republic Day celebrations.

"My expectation is that President Trump should go for the Republic Day parade, be the guest of honour and see India a little more leisurely," Aghi said. He noted that Trump's previous visit to India lasted only 36 hours and added that a longer visit would provide him with a better understanding of the country.

Aghi also rejected suggestions that the relationship between President Donald Trump and Prime Minister Narendra Modi had weakened. Referring to their recent interaction during the G7 Summit, he said the two leaders shared a cordial meeting, demonstrated mutual respect, and continued discussions in a positive manner.

"So I think the relationship is back on track," Aghi said, reiterating his confidence in the strength of bilateral ties.

Highlighting investment trends and supply chain realignment, Aghi said the movement of American companies away from China remains one of the defining developments in global business. He stated that the strategy of de-risking from China continues to gain momentum, with India emerging as a pivotal destination for American businesses seeking alternative manufacturing and investment opportunities.

"That process and momentum continues. De-risking from China is a big issue for US companies. India plays that pivotal role, and we are seeing company after company going that direction," he said.

Responding to a question on whether India and the United States could achieve their shared target of 500 billion dollars in bilateral trade by 2030, Aghi said the objective remains realistic, particularly if the proposed trade agreement is concluded in the near future.

"I think if we can get the trade deal done, the momentum will pick up. It will happen, if not by 2030, 2031 or 2032, because we are seeing growth happening between the two countries," he said.

Aghi's remarks underscore growing confidence in the long-term trajectory of India-United States relations, with expanding cooperation in trade, technology, investment, and strategic engagement expected to strengthen one of the world's most significant bilateral partnerships in the years ahead.