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India & USA’s 90-Day Trade Deal: A Race Against Time!

BBG News

Well, well, well! It seems that India and the USA are all set to waltz into the trade ballroom, having sorted out the Terms of Reference (ToR) – sounds terribly official, doesn’t it? With the stage now set, the diplomatic dancers are ready to tango their way to a “win-win” agreement. One would think it was all just an afternoon tea with biscuits, but no – there’s real business to be done!

“There are plenty of low-hanging fruits just waiting to be picked,” said the official, with a grin that could only mean serious, yet totally approachable, trade talk. The deadline is tight: 90 days. Yes, you heard that right, 90 days to seal a Bilateral Trade Agreement (BTA). If both parties can find the same page, there’s hope! It’s as easy as tying your shoelaces, only without tripping over the laces, of course.

Target: Doubling Trade by 2030

Now, don’t be fooled. This trade deal isn’t just some one-off event. Oh no, this is merely the opening act of a grander play. The first phase, expected to wrap up by September or October, is merely the appetizer. The pièce de résistance? Doubling trade to a cool $500 billion by 2030. That’s right, folks – an almost superhero-like jump from the current $191 billion. Who knew that numbers could sound so… aspirational?

And guess what? India is reportedly ahead of the pack, outpacing all other nations in the race for a comprehensive deal. Who needs a slow-and-steady approach when you’ve got all this virtual meetings business and in-person visits to keep things spicy? The negotiations are a diplomatic mix of hustle and charm, as both nations hold hands (virtually, of course) and aim for the stars of international trade.

All this comes at a time when both countries, like two ships in the night, are aligning their economic compasses, trying to make the most of their strategic and economic ties. What a world! What a time to be alive!

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2025-04-11 19:45

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