<h1>India and US Aim for $500B Trade by 2030; Plan Comprehensive Trade Agreement, Focus on Oil, Gas, and Technology.</h1> India and the US have set a target of USD 500 billion in annual trade by 2030 and plan to negotiate a comprehensive trade agreement. President Trump and Prime Minister Modi launched the 'US-India COMPACT' initiative to enhance cooperation in military, commerce, and technology sectors. Despite trade tensions, including US concerns over India's tariffs, both leaders agreed to increase US oil and gas imports to reduce the trade deficit. They aim to finalize the first phase of a Bilateral Trade Agreement by fall 2025, focusing on reducing trade barriers and enhancing market access for various sectors.