India is optimistic about concluding a trade agreement with the US by November, with aspirations to elevate bilateral trade from USD 191 billion to USD 500 billion by 2030. Despite geopolitical complexities, negotiations have progressed, although recent US tariffs on Indian goods and concerns over India’s energy ties with Russia have created hurdles. Minister Piyush Goyal emphasizes the importance of diversifying supply chains away from China and enhancing domestic production through initiatives promoting indigenous goods. While facing temporary challenges, India’s trade diplomacy aims to strengthen its position in global supply chains and foster economic growth, particularly through ongoing negotiations with the EU and other partners.