India, Nov. 14 -- By Shailesh Yadav

New Delhi [India], 14 November (ANI): The United States has assured India that it will enjoy a comparative tariff advantage over peer economies under the proposed bilateral trade pact, a senior government official said, even as negotiations on the first tranche and the broader agreement continue.

"The US has assured India of a comparative tariff advantage over its competitors in the trade deal. We will have to see how the tariff framework unfolds," the official said.

However, the official cautioned that the advantage will depend on the final tariff structure, as the outcome of the second investigation initiated by the Office of the United States Trade Representative (USTR) against India is still awai...