<h1>India and US Target Doubling Trade to $500 Billion by 2030, Negotiating New Bilateral Trade Agreement</h1> India and the US aim to double their bilateral trade to USD 500 billion by 2030, initiating talks for a bilateral trade agreement to reduce duties and enhance market access. Leaders from both nations plan to negotiate a multi-sector Bilateral Trade Agreement by 2025, focusing on reducing barriers and deepening supply chain integration. In 2023, bilateral trade was USD 190.08 billion, with a trade gap favoring India. Recent tariff reductions and enhanced market access for various products were acknowledged. Both countries also aim to boost greenfield investments and increase trade in agricultural goods.