Bilateral Trade between India-US has Skyrocketed since 2007

Bilateral Trade between India-US has Skyrocketed since 2007

Bilateral Trade between India-US has Skyrocketed since 2007

According to data collated by the office of the United States Trade Representative (USTR), bilateral trade of goods and services between India and the US has gone up by 119 per cent since 2007 to touch $126.2 billion.

“India is our ninth largest goods trading partner with $74.3 billion in total (two-way) goods trade during 2017. Goods exports totalled $25.7 billion and goods imports totalled at $48.6 billion. The US goods trade deficit with India was $22.9 billion in 2017,” remarked USTR on its website.

India was the United States’ 15th largest goods export market in 2017. The latter exported $25.7 billion of goods to India, up by 18.7 per cent ($4.1 billion) from 2016 and up 71.6 per cent from 2007, reports said.

Source :eximin

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