New Delhi, Sept. 2 -- Commerce Minister Piyush Goyal said on Tuesday that India is holding talks with the US on a proposed bilateral trade agreement (BTA), amid rising tensions over the doubling of tariffs on Indian goods.

Speaking at an industry chamber event in New Delhi, Goyal said "We are in dialogue with the US for a BTA."

He also highlighted India's broader trade outreach, citing new or ongoing negotiations with the European Union, Chile, Peru, New Zealand, Australia, and Oman, alongside concluded deals with the EFTA bloc, the UK, and the UAE.

"Lots have happened and lots more to go," he said, adding that India contributes about 18 percent to global growth.

The push for a BTA comes against the backdrop of a steep US tariff hike....