India, Feb. 7 -- India and the United States (US) on February 7 announced a framework for an Interim Agreement on reciprocal and mutually beneficial trade, positioning the pact as a commercial breakthrough and a strategic realignment amid deepening geopolitical rivalry and global supply-chain disruptions.

In a joint statement by the White House and India's Ministry of Commerce and Industry, both governments said the interim deal would reaffirm their commitment to a broader US-India Bilateral Trade Agreement (BTA) launched by the US President Donald Trump and Prime Minister Narendra Modi on February 13, 2025, and support more resilient, diversified supply chains at a time of rising trade tensions with major partners, particularly China. ...