In a significant development for US-India relations, President Donald Trump has revealed that trade negotiations with India are "coming along great," fueling expectations of a groundbreaking trade deal in the near future.

US Treasury Secretary Scott Bessent has reiterated that India would likely be among the “first” to sign a trade deal with the US following President Donald Trump’s demands for realigning economic relations under the threat of tariffs.

Chetan Seth, APAC Equity Strategist at Nomura, believes India is currently in a stronger position than many of its Asian peers when it comes to securing a trade deal with the US.