As global trade faces one of its most uncertain chapters yet, India and the U.S. are negotiating what could become a defining economic agreement of the decade: a bilateral trade deal aimed at scaling their trade volume to $500 billion by 2030, a fourfold increase from its value in 2024. 

But behind the diplomatic handshakes lie tough negotiations and clashing economic priorities.In this episode, host Anirban Chowdhury speaks with Bipin Sapra, Tax Partner and global trade expert at EY India, to break down what’s really at stake as both nations attempt to find common ground.
At a time when Donald Trump’s sweeping tariffs have rattled global markets, India and the U.S. have quietly signed the first terms of reference for this ambitious agreement.

So, which sectors stand to gain or lose? Could this be a strategic disruptor to China’s dominance in global trade? And what does it mean for India’s role in the Indo-Pacific Economic Framework?