After calling India noncooperative in trade talks, Bessent expressed hope that the Trump administration could finalise its trade deals by the end of October, calling that target “aspirational” but achievable.

India hopes trade talks with the U.S. will continue even as the U.S. hiked tariffs on its exports to 50% due to New Delhi's purchase of sanctioned Russian oil, two lawmakers said on Monday, citing a briefing to a parliamentary panel on foreign affairs.

Scott Bessent has reportedly said that large trade agreements are still awaited, including with Switzerland and India.

Air India will suspend services between New Delhi and Washington, D.C. from September due to aircraft shortages caused by upgrades to its Boeing planes and as Pakistan's airspace ban for Indian carriers affects its international routes.

The relationship between the U.S. and India has turned sour with Trump increasing tariffs as India continues to buy cheap, sanctioned Russian oil. For more on this, “Marketplace Morning Report” host David Brancaccio spoke with Eswar Prasad,

US President Donald Trump has said that its steep tariffs on India over its import of Russian oil have dealt a "big blow" to Moscow's economy, which he said was not performing well.

The survey also found that an overwhelming 64% of respondents viewed India's growing economic influence on the global stage as a "good thing”.