Commerce and Industry Minister Piyush Goyal on Friday emphasised that India will only enter into trade agreements, including the proposed US Bilateral Trade Agreement (BTA), when they serve the country's national interests and offer mutual benefits.

Donald Trump's July 9 deadline draws near as countries scramble to avoid steep US duties. India, on the verge of a deal, resists US pressure on GM crop imports.

India's equity benchmarks are likely to open higher on Wednesday following U.S. President Donald Trump's remark that the world's largest economy could reach a trade deal with India. U.S. Treasury Secretary Scott Bessent has indicated that both nations are nearing an agreement that would help India avoid sharp tariff increases.