The previous round of talks took place in Washington, where India's chief negotiator Rajesh Agrawal and Brendan Lynch, the Assistant US Trade Representative for South and Central Asia, engaged in detailed discussions.

The United States will dispatch a delegation to India on 25 August for the next round of discussions on a proposed bilateral trade agreement, media reports said. Citing an official, PTI reported that this will mark the sixth round of negotiations between the two countries,

Indian shares were muted in early trades on Tuesday, with benchmark indexes near six-week lows, as concerns over a delay in signing a trade deal with the United States and sustained foreign outflows hurt demand.

The White House altered the plan at the last minute regarding India. Attempts are being made to persuade Trump to rethink his decision. However, at present, negotiators are returning to the negotiation table to resume discussions and, if necessary, completely restructure the agreement.

With Trump's tariffs looming, Indian and American officials are in intense discussions to find common ground on customs duties. Despite USTR Jamieson Greer indicating further talks are necessary and a trade deal unlikely soon,

Prateek Agrawal, MD and CEO, Motilal Oswal AMC told NDTV Profit that the India-US trade deal should be a 'win-win' for both sides. He added that the deal may open a large export market for India.

India's equity benchmarks were set for a muted open on Tuesday amid caution over a delay in interim trade deal with the United States, sustained foreign outflows and weak earnings.

While Greer acknowledged that he had previously suggested a deal with New Delhi might be imminent, he emphasized the significant policy shifts that would be required from India.

In an interview with CNBC, US Trade Representative Jamieson Greer said that Washington needs additional talks to finalise a trade agreement with New Delhi.

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

The prime ministers of Britain and India have sealed a major trade agreement that will reduce tariffs on products like Scotch whisky and Indian spices.

Indian shares fell on Monday as financials and IT declined due to weak results from Kotak Mahindra Bank and Tata Consultancy Services' layoff plans, respectively, and as uncertainty over trade talks with the U.