The development has come hot on the heels of a major trade deal finalised between India and the European Union (EU), which has been described as the "mother of all deals." India and the United States have made "very significant progress" in their trade talks that have been ongoing for a long time, NDTV reported citing sources in the government. The development comes hot on the heels of a major trade deal finalised between India and the European Union (EU), which has been described as the "mother of all deals." Since early 2025, India and the US have held multiple rounds of high-level negotiations for the proposed bilateral trade agreement (BTA). The India-EU free trade agreement (FTA) will account for nearly a quarter of the global gross domestic product (GDP).