Confederation of Indian Industry President Sanjiv Memani expressed optimism about India-US trade talks, with industry expectations being considered.
India is not considering the continuation of 25% tariffs, focusing on relative competitiveness in negotiations.
Some contentious issues may be left for future discussions to ensure a balanced framework in the trade agreement.
The US seeks market access in Indian agricultural sectors, while India aims for tariff concessions on labor-intensive exports like garments and footwear.