India and the United Sates are likely to make a final decision on a mini trade deal in the next 24 to 48 hours, local Indian news channel CNBC-TV18 reported on Sunday, citing sources.

Currently, talks have only been completed on the mini trade deal and negotiations on a larger deal will begin after July 9, the news channel said in a post on X.

Average tariffs under the mini trade deal are expected to be 10%, the broadcaster said, citing unnamed sources.

Reuters could not immediately confirm the report.