India's Finance Minister Nirmala Sitharaman emphasizes the need for a strong trade agreement with the US to boost economic growth and secure supply chains, while addressing concerns about potential dumping of goods.

India should bring down its high tariffs for the Unites States as Washington means to pursue "something grand" in a bilateral trade deal between the two countries, U.S. Commerce Secretary Howard Lutnick told India Today television on Friday.

At the India Today Conclave, U.S. Commerce Secretary Howard Lutnick urged India to lower its high tariffs and engage in comprehensive trade talks to strengthen bilateral relations. US President Donald Trump claimed India has agreed to cut tariffs,

During Prime Minister Narendra Modi's visit to the US last month, both sides announced plans to negotiate a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA), External Affairs Ministry spokesperson Randhir Jaiswal said.