In a joint statement by US President Donald Trump and Prime Minister Narendra Modi, it has been announced that the trade between the two countries will be taken to $500 billion by 2030.
India's total exports are worth $120 billion.
To achieve this target, both countries will sign a bilateral trade agreement this year. That is, in the next five years, the trade between the two countries will increase by $310 billion because currently, the trade between the two countries, including goods and services, is worth $190 billion. India's total exports out of these are worth $120 billion.
Earlier, during Trump's first term, a mini trade deal was initiated between India and the US, and to a large extent, both countries had reached a consensus on this deal, but after Trump lost the election, this deal was shelved.
According to Ajay Sahai, Director General and CEO of the Federation of Indian Export Organisations (FIO), talks will begin again on this mini-trade deal, which can be very important for India. Experts consider this deal to be very important given the tense trade relations between America and China.
Indian products like garments, footwear, gems, and jewelry
Experts say that America would like to sell goods like crude oil, gas, and weapons in India and in return can widen its doors for Indian garments, footwear, gems, jewelry, toys, and handicrafts because America mainly depends on China for these types of products.
If a trade deal is done, Indian products will become much cheaper in the US market as compared to China, which will increase their demand. Anyway, America has already announced to impose a separate duty of 10 percent on Chinese goods.
Export of Indian goods to America can increase.
If the export of Indian goods to America increases, then the credibility of Indian goods will increase worldwide, which will support our total exports. Experts say that Indian companies have already started getting inquiries for these types of goods in America.
On Wednesday, a dispute broke out at the South Asian University (SAU) in Delhi over serving veget
US President Donald Trump has taken a very tough stand on immigration. Recently, news came out th
IPL 2025: PBKS captain Shreyas Iyer stole the show, broke MS Dhoni's big IPL record
Shreyas Iyer continued his brilliant performance as captain and with the bat. Punjab Kings won th
A tragic accident that took place in Vadodara late Thursday night shook the entire country. A spe
Prime Minister Narendra Modi attended the 'Navkar Mahamantra Diwas' program at Vigyan Bhavan in N
KIIT Row: Action in the suicide case of Nepali student, high-level committee summoned KIIT founder
The investigation into the alleged suicide of the female student in the hostel and the subsequent
What the defense experts were predicting after the resignation of Manipur Chief Minister N Biren
Home Minister Amit Shah has thrashed the opposition's allegations against the Waqf Amendment Bill
After the Pahalgam terror attack, the Indian government is in action mode. The Indo-Pak border is
There is silence at the house of Anurag Yadav, the lover of his wife Pragati, who was involved in