<h1>India-US Trade Talks Aim to Cut Tariffs and Boost Investment Under Section 42 Agreement Terms</h1> The ongoing negotiations for a trade agreement between India and the United States are expected to significantly liberalize India's trade policies and enhance its attractiveness to investors by reducing tariffs and trade barriers. This agreement, alongside a prospective deal with the European Union, aims to open major markets to India, facilitating smoother cross-border trade and positioning India as a competitive global economic player. The agreements are anticipated to contribute to India's ambitious economic growth targets, including becoming the third-largest economy by 2027 and achieving developed country status by 2047. Both countries have expressed optimism about finalizing the deal soon, with deadlines set to avoid steep tariffs. The trade deals are part of broader economic reforms and infrastructure development efforts intended to support industrial growth and job creation, addressing challenges in transitioning from an agriculture-based economy to one focused on industry and services.