Multiple phone calls between US President Donald Trump and Prime Minister (PM) Narendra Modi and recent statements from the former, as well as the Senate confirmation of new US ambassador to India Sergio Gor, remind us that it is time for New Delhi and Washington to seize this moment of positive momentum and focus again on their partnership. The world and its challenges will not wait for us. Now is the time to remove the stumbling blocks impeding progress in the two countries’ economic relationship. Apprehensive businesses and investors eagerly seek progress on a raft of issues, some of which are listed here.

A substantial trade deal: Negotiators are working steadily; a deal struck between the two countries will be a strong vote of mutual confidence and reassurance to investors and companies who await clarity before they make investment decisions worth hundreds of billions. A deal that meaningfully reduces tariff and non-tariff barriers can be a bonanza for businesses, investors, and consumers in both nations. If tariffs come down, both sides can accelerate efforts to reach $500 billion in bilateral goods trade, spurring growth and innovation.

Level playing field: We need to reaffirm our openness to........

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