Summary
The deal will let both countries buy and sell more things to each other.
Leaders say it will create jobs and help people get what they need.
India also talks about trade with China, but some rules make it hard.
Key Points
6 points1
Finance Minister Nirmala Sitharaman hopes the India‑US trade pact is signed soon.
2
Commerce Minister Piyush Goyal says the first part of the pact is being written into law.
3
India wants better market access for medicines, meat, and vegetables in China.
4
India says it prefers talking and making deals instead of raising taxes on other countries.
5
India is part of a group called BRICS, which includes five big countries working together.
6
India’s economy has been growing fast, helped by building roads, schools, and other projects.
New Words to Learn
9 wordsbilateral
involving two countries
trade imbalance
when one country buys a lot more than it sells
non‑tariff barriers
rules that make it harder to trade without adding taxes
phytosanitary
rules about keeping plants and food safe from pests
fiscal prudence
being careful with government money
multiplier effect
when spending on projects creates extra jobs and income
infrastructure
big things like roads, bridges, and schools that help a country work
deficit
when spending is more than the money earned
asset
something valuable that a country or person owns
Want to learn even more? Click here to read the full story!
🔊 Reading Article
Kid-friendly voice