India is not in a rush to sign a trade deal with the United States that risks its core economic interests.
Negotiations between India and the US have been ongoing, with Commerce Minister Piyush Goyal emphasizing that New Delhi will not be pressured by arbitrary deadlines.
The July 9 deadline for finalizing an interim trade agreement is unlikely to be met, with the deal likely to cover only goods at present.
India has reserved the right to retaliate against US safeguard duties on auto parts, steel, and aluminum, potentially impacting $2.89 billion worth of US imports annually.