India, US actively engaged on trade deal: Sergio Gor

Thursday, 16 Jul, 2026
Commerce Minister Piyush Goyal and US Ambassador Sergio Gor dismissed a report claiming an impasse in India-US trade talks. (Photo courtesy: X@PiyushGoyal)

New Delhi: US Ambassador to India Sergio Gor has slammed a report for running ‘fake news’ around the India-US trade talks, saying both sides had very constructive meetings and reaffirmed their commitment to finalizing a trade deal.

The report had claimed that India allegedly rejected a quick trade agreement with the US in recent trade negotiations.

“Fake news alert! No one has rejected anything. Both sides had very constructive meetings and reaffirmed their commitment to finalizing a trade deal. We continue to stay actively engaged. Reuters - you can do better!” Gor posted on social media platform X.

Earlier, Commerce and Industry Minister Piyush Goyal refuted the report as "completely false" and “baseless". In a post on X, Goyal said: "This news is completely false, baseless, and misleading."

"I had fantastic meetings with USTR Jamieson Greer when he visited Delhi in June. Both sides reaffirmed their commitment to an agreement that is balanced, commercially meaningful, and delivers tangible benefits for businesses, farmers, workers, and consumers in both countries," the Commerce Minister said.

Goyal further stated: "Our teams remain fully engaged in achieving this objective". The Reuters report had claimed that India "is holding out for a better deal”.

Commerce Secretary Rajesh Agrawal also said that negotiations for a mutually beneficial trade deal between India and the US are underway and progressing in the right direction.

Addressing a press conference here, the Commerce Secretary said: "We don't see any challenge in negotiations, and consultations are progressing in the right direction.”

Late last month, Gor said that the proposed India-US trade agreement is in its "last one or two per cent" and negotiators are working to resolve the remaining issues, expressing confidence that the deal would soon be concluded after nearly 18 months of negotiations.

In his address at the US-India Strategic Partnership Forum (USISPF) Leadership Summit, Gor said officials from both countries had intensified engagement in recent weeks to bring the agreement across the finish line.

Ex-RBI governor, 2 other Indians on US Fed task forces

Washington: Former Reserve Bank of India (RBI) governor Raghuram Rajan, Delhi-born economist Raj Chetty and Microsoft executive Asha Sharma have been appointed to key task forces set up by the US Federal Reserve to review the monetary policy.

The newly appointed Federal Reserve Chairman, Kevin Warsh, announced five task forces to examine critical areas of monetary policymaking, including communications, balance sheet policy, data, productivity and jobs, and inflation frameworks.

Raghuram Rajan has been named to the Balance Sheet Policy task force alongside Harvard economist Karen Dynan and former Federal Reserve governor Jeremy Stein. The panel will examine the costs, benefits and institutional implications of the Federal Reserve's current balance sheet regime.

Harvard University economist Chetty will serve on the Data task force with Doug McMillon and economist Kevin Murphy from the University of Chicago.

Asha Sharma has been appointed to the Productivity and Jobs task force alongside Marc Andreessen and Stanford economist Charles I Jones. The group will assess the economic impact of new general-purpose technologies, including artificial intelligence, to inform the Federal Reserve's policy judgments.