India and U.S Bilateral Trade Relation
India and U.S Bilateral Trade Relation The goods and services trade between India and U.S has increased from $104 billion in 2014 to $114 billion in 2016. In the two-way ( India and U.S ) trade merchandise trade was at $66.7 billion. Of this, India’s goods exports to the USA was valued at $ 46 billion and India’s import of goods from USA was at $21.7 billion. And for trade in terms of services it was at $47.2. Billion. Of this, India’s exports of services to the USA was valued at $26.8 billion and India’s imports of services from USA was at $20.3 billion. Both the countries made commitment to take necessary steps for increasing the bilateral trade to $500 billion. The bilateral trade between two countries showing a satisfactory growth trajectory in 2017. During the first quarter bilateral trade was at $17.2 billion as compared to $16.2 billion during the corresponding period in 2016. Of this, India’s export was $11.4 billion and India’s import from USA was $5.8 billion. Thes