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.
Trouble for the makers of Dhurandhar, Major Mohit Sharma's family approaches Delhi High Court
Directed by Aditya Dhar, Dhurandhar's film is just seven days away from release. The film has bee
The grand finale of Rise and Fall is set to be a special one. Bhojpuri superstar Pawan Singh will
Padma Vibhushan Jagadguru Ramanandacharya Swami Rambhadracharya has directly challenged Saint Pre
Chandrapuram Ponnusamy Radhakrishnan was sworn in as the 15th Vice President of India on Friday.
Bollywood veteran Naseeruddin Shah had reacted in support of singer-actor Diljit Dosanjh on Monda
India and New Zealand are close to winning the T20 World Cup title. The final match between the t
Shahid Kapoor played cricket at Lord's Cricket Ground in London. During this, his wife Mira Kapoo
Gaganyaatr Shubhanshu Shukla, who hoisted the Indian flag for the first time on the ISS and raise
The end of June and the beginning of July are set to bring a wave of exciting smartphone launches
Virat Kohli Test Retirement: Kohli retired from Test cricket, posted information on Instagram
Indian cricket has suffered two major setbacks within a week. After Rohit Sharma, Virat Kohli has
