NITI Aayog CEO B V R Subrahmanyam announced that a positive update to the bilateral trade agreement (BTA) between India and the U.S. is expected by the end of November. He added that India’s National Manufacturing Mission will be activated soon, supporting the country’s export and manufacturing push. The remarks come amid tighter global trade flows, U.S. pressure on Indian crude imports and India’s desire to attract deeper investment and secure technology transfer. Markets and corporates will monitor the deal’s tariff and investment components given implications for manufacturing, exports and India’s role in global supply chains.