New Delhi, Oct. 5 -- Negotiations on the India-US trade agreement have reached a "plateau" where further concessions from either side could be difficult, Union Finance Minister Nirmala Sitharaman said, indicating that the remaining discussions may hinge on finding limited room for compromise.

"The agreement negotiations are still ongoing, although we'd like to believe that both the sides have reached a plateau beyond which giving or taking might be very, very difficult. But maybe if there are rooms to operate from, both sides would do it," Sitharaman said at the Munich Leaders Meeting.

She said the agreement was still being "hard and very rigorously negotiated", while highlighting the trade imbalance as a key feature of India-US economi...