New Delhi, May 24 -- US Secretary of State Marco Rubio on Sunday said the United States and India are "on the verge" of reaching a trade agreement, adding that both sides have made "tremendous progress" in talks aimed at rebalancing trade ties between the two countries.

Addressing a joint press conference with External Affairs Minister S Jaishankar in New Delhi, Rubio dismissed suggestions that the India-US relationship had lost momentum and said trade discussions were part of a broader global effort by the US administration to address trade imbalances.

"The US-India relationship has not lost any momentum," Rubio said.

He said the trade push by the Donald Trump administration was not specifically targeted at India but part of a wider r...