India-US trade deal: Indian minister Piyush Goyal says 'fantastic' progress in talks with US

Federal minister Piyush Goyal seems optimistic about India finalising a trade deal with US before the 1 August deadline.

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The minister made the comments in London, after signing a landmark free trade deal with the UK on Thursday.

Goyal's optimistic statement comes against the backdrop of Washington and Delhi missing several deadlines to finalise the deal.

US President Donald Trump has set 1 August as the deadline for several countries, including India, to sign a trade deal or face steep tariffs.

Trump had first announced 26% tariffs on Indian goods on 2 April as part of a wider trade policy move. While the tariffs were initially paused until 9 July, the US later extended the deadline to 1 August.