India and the United States are in the final stages of concluding an interim bilateral trade agreement, foreign secretary Vikram Misri said on Thursday.
The announcement came a day after Prime Minister Narendra Modi and US President Donald Trump discussed trade on the sidelines of the G7 Summit in France.
US Trade Representative Jamieson Greer will visit India next week to take the discussions forward, Misri added.
The proposed trade pact figured prominently in the meeting between Modi and Trump, with both leaders directing officials to expedite its conclusion.
Trump said the two countries were 'very close' to finalising a long-awaited trade deal, praising Modi for encouraging Indian investments in the United States.
India and the US reached an interim understanding on trade in February after nearly a year of negotiations and are now working towards finalising the agreement.
