The Indian government believes trade talks with the U.S. will take target of facilitation measures rather than a full trade deal. That follows President Trump’s assertion that India is ready to launch FTA negotiations. With a $22.6 billion Indian trade surplus in the 12 months to July 31 – despite a 21% surge in American exports to India – engagement with the U.S. may prove wise given the administration’s stance on deficits. India’s imports in 2Q have been led by aerospace, coal and petrochemicals – the U.S. will want to promote oil and gas purchases too as India reduces its reliance on ...