New Delhi, June 24 -- India and the US have in recent months made "substantial progress" in trade talks, discussing pathways to conclude an interim pact as "an important milestone" towards a comprehensive Bilateral Trade Agreement (BTA).

Both sides reaffirmed their commitment to an agreement that is "balanced, commercially meaningful, and delivers tangible benefits for businesses, farmers, workers, and consumers in both countries," according to a statement issued by the commerce and industry ministry on Wednesday.

India's negotiating team, led by commerce minister Piyush Goyal, has held multiple rounds of talks with a US delegation headed by trade representative Jamieson Greer, which is set to conclude its three-day visit to New Delhi l...