US-India Trade Relations Strengthen: A Gateway to Mutual Growth

By Adeeba Khan In Industry News On 30th June 2023

In a further indication of China's growing commitment to diversify its trade, the United States is increasingly embracing India as a key partner.

This development represents a tremendous opportunity, which Indian exporters are certain will result in significant long-term demand for their products.

According to government data, the United States has recently emerged as India's greatest commercial ally, with bilateral trade reaching around $129 billion in fiscal year 2022-23, representing an 8% year-on-year rise in value.

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