US and India Target $500 Billion in Bilateral Trade by 2030: PM Modi

 


India and the United States are setting an ambitious target of achieving $500 billion in bilateral trade by 2030, as highlighted by Prime Minister Narendra Modi. The growing economic ties between the two nations are driven by strong cooperation in technology, defense, and energy sectors.

In recent years, trade between India and the US has expanded significantly, reaching over $190 billion in 2023. Both countries are working towards reducing trade barriers, enhancing supply chain resilience, and fostering innovation. Key areas of collaboration include semiconductor manufacturing, digital trade, and clean energy.

With India emerging as a global manufacturing hub and the US seeking to diversify its supply chains, the $500 billion goal represents a major step in strengthening economic ties. This strategic partnership is expected to boost investments, create jobs, and further deepen bilateral cooperation in the coming years.

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