India and the United States are making steady progress toward a bilateral trade agreement, according to official statements following a meeting between Prime Minister Narendra Modi and US Vice President JD Vance in New Delhi, BBC reported.

Vance, on a four-day visit to India with his family, met Modi on Monday evening. The leaders discussed a range of key issues, including trade, defence, strategic technologies, and energy cooperation. A dinner was hosted by the Prime Minister in honor of Vance and his family.

“We are committed to mutually beneficial cooperation, including in trade, technology, defence, energy and people-to-people exchanges,” Modi said in a post on X, according to BBC.

The visit comes as India wants to reach a trade agreement with the United States before President Donald Trump's 90-day tariff truce expires on July 9. Prior to the halt, India faced potential tariffs of up to 27%.

Modi also expressed anticipation for President Trump’s upcoming visit to India, expected later this year during the Quad summit in Delhi.