India and the United States are on the brink of finalizing a groundbreaking trade agreement that could elevate bilateral commerce to $500 billion by 2030, more than doubling the current trade value of $191 billion. This long-awaited deal, which has been in negotiation since February 2025, aims to address trade imbalances, reduce punitive tariffs, and expand market access across goods, services, digital trade, and clean-energy technology.