Record surge in Indo-US trade, 39% increase in exports in January
India’s Export Growth to the US: India and America have targeted bilateral trade of $ 500 billion by 2030.
New Delhi:
Business relations between India and America are constantly getting stronger. According to the latest data from the Ministry of Commerce Ministry, the exports from India to the US in January 2025 rose by 39% to $ 8.44 billion. At the same time, imports also increased by 33.46% to $ 3.57 billion.
500 billion $ 500 trade target by 2030
America is India’s largest trading partner. India and the United States have targeted bilateral trade of $ 500 billion by 2030. India’s trade surplus with the US is also very strong.
The Indo-US trade was $ 119.71 billion in FY 2023-24, with India exported $ 77.51 billion and imported $ 42.19 billion.
Why is Indo-US trade growth increasing?
India’s growth is increasing and demand has increased in the global market. India is in a strong position in sectors like Technology, Pharma, Automobile, Automobile. Along with this, India-UIS TRADE Agreements are being promoted between the US and India.
