India, U.S. to double bilateral trade to $500 billion by 2030
1 month, 1 week ago

India, U.S. to double bilateral trade to $500 billion by 2030

The Hindu  

India and the U.S. agreed to negotiate the first segment of a trade agreement by the autumn of 2025, with India looking to increase energy purchases from the U.S. to address President Donald Trump’s concerns about the U.S. trade deficit with India, as Prime Minister Narendra Modi met U.S. President Donald Trump for bilateral discussions in Washington. In terms of defence, the U.S. was “paving the way to ultimately provide India with F-35 stealth fighters”, Mr. Trump said. Standing beside Mr. Modi in the East Room at a joint press conference, Mr. Trump called India’s tariffs “unfair” and a “problem”. U.S. support for a national security semiconductor fabrication unit in India was announced when former U.S. President Joe Biden and Mr. Modi met in September 2024 in Delaware.

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