India’s chief economic adviser said he would be surprised if an “elusive” trade deal with the US isn’t signed by March, as most trade-related issues have been resolved.

“I was hoping something would be done by the end of November, but it has turned out to be elusive,” V. Anantha Nageswaran said in an interview with Bloomberg Television’s Haslinda Amin. “That’s why it is difficult to give a timeline on this. However, I would be surprised if we don’t have it sealed by the end of the financial year.”

A team of US trade negotiators is in India as both countries work to resolve differences and finalize a trade deal crucial for New Delhi to secure relief from Washington’s punitive 50% tariffs. The negotiations have dragged on for months.

The two nations had initially agreed to wrap up the fir

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