New Delhi, Dec 11 (PTI) Prime Minister Narendra Modi and US President Donald Trump on Thursday discussed ways to sustain momentum in the bilateral economic partnership in a phone conversation amid signs of the two sides inching closer to firm up a much-awaited trade deal.

The phone talks between the two leaders came on a day Indian and American negotiators concluded two-day talks on the proposed bilateral trade agreement that is expected to provide relief to India from Trump administration's whopping 50 per cent tariffs on Indian goods.

In a social media post, Modi described the conversation as "warm and engaging".

"We reviewed the progress in our bilateral relations and discussed regional and international developments. India and the US will continue to work together for global peace, stability and prosperity," Modi said without making any reference to trade ties.

US Trade Representative (USTR) Jamieson Greer on Tuesday said without divulging details that the US has received "best" ever offers from India on the proposed trade agreement.

Modi and Trump last spoke in October.

The relations between New Delhi and Washington witnessed a major downturn after Trump doubled tariffs on Indian goods to a whopping 50 per cent in August including a 25 per cent additional duties for India's purchase of Russian crude oil.

The strain in the relations has been exacerbated by constant criticism of New Delhi by officials in Trump's administration.

There have been efforts by both sides In the last few weeks to repair the ties.

Modi and Trump reviewed the steady progress in India-“US bilateral relations and exchanged views on key regional and global developments, an Indian readout said.

It said the two leaders reiterated that India and the United States will continue to work closely together to advance global peace, stability, and prosperity.

Officials familiar with the phone conversation said Modi and Trump reviewed progress in India-US comprehensive global strategic partnership and exchange views on expanding cooperation in trade, critical technologies, energy, defence and security.

Both leaders agreed to work closely to address shared challenges and advance common interests besides expressing satisfaction at the steady strengthening of bilateral cooperation across all domains, they said.

They also underlined the importance of sustaining momentum in shared efforts to enhance bilateral trade, the officials said.

The leaders also exchanged views on expanding cooperation in critical technologies, energy, defence and security, and other priority areas that are central to the implementation of the India-“US COMPACT (Catalyzing Opportunities for Military Partnership, Accelerated Commerce and Technology) for the 21st century, they added.

Modi and Trump also discussed various regional and global developments and agreed to work closely to address shared challenges and advance common interests.

The US has been putting pressure on India to cut its procurement of Russian crude oil as it believes Moscow is financing its war against Ukraine using the oil revenue.

India turned to purchasing Russian oil sold at a discount after Western countries imposed sanctions on Moscow and shunned its supplies over its invasion of Ukraine in February, 2022.

Consequently, from a mere 1.7 per cent share in total oil imports in 2019-20, Russia's share increased to 35.1 per cent in 2024-25, and it is now the biggest oil supplier to India.

In the last few weeks, India's procurement of Russian crude oil has declined following American sanctions on two leading Russian oil giants. PTI MPB ZMN

India-US leaders spoke to advance a trade deal aimed at easing steep tariffs and to coordinate on energy and technology cooperation. The leaders discussed ongoing negotiations to secure tariff relief for India from the US administration's steep duties, with the US Trade Representative describing recent Indian offers as the 'best' received, and affirmed work to finalise a bilateral trade framework. The conversation linked trade momentum to expanded cooperation in trade, critical technologies, energy, defence and security, and identified US concerns about India's purchases of Russian crude as a key policy friction affecting broader bilateral engagement.