According to former US Assistant Secretary of State Nisha Biswal, a trade deal between the United States and India is finally within sight. Biswal spoke with Bloomberg's Haslinda Amin, explaining the factors that have brought the two nations closer to an agreement. The long-awaited deal could have significant implications for both economies.

For years, negotiations between Washington and Delhi have been complex, often stalled by disagreements over market access and tariffs. A successful trade agreement would signify a strengthening of economic ties, opening up new opportunities for businesses in both countries. Sectors like manufacturing, technology, and agriculture stand to benefit from reduced trade barriers.

The potential agreement comes amid a broader push to counter China's influence in the region. Stronger US-India trade relations would provide a strategic advantage. Investors and business leaders are keenly watching for details on the deal's scope and specific provisions.

What remains to be seen is the exact nature of the agreement, including the specific sectors covered and the timelines for implementation. Details on tariff reductions and market access are crucial. Further announcements and negotiations are expected. The market will react to any positive news.