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.
Sajid Akram, the man who carried out the attack during the Hanukkah festival at Bondi Beach in Sy
Shiv Sena (Uddhav Balasaheb Thackeray) MP Priyanka Chaturvedi has demanded a ban on the live tele
In the first week of Bigg Boss 19, there was a lot of fun in the house. Farhana Bhatt scolded Bas
The Prime Minister has arrived on his two-day visit to Japan. Here, he will participate in the 15
Following Pakistan's humiliating defeat in the Asia Cup 2025 final, Operation Sindoor has once ag
DMK MP Kanimozhi Karunanidhi filed a notice of breach of parliamentary privilege on Monday agains
It has been only a few days since the reality show 'Bigg Boss 19' started, but there has been a r
Along with the Maulana, 77 other people were involved in instigating the riots. The police have i
The end of Stranger Things is almost here, and Netflix has just given fans a glimpse of what's to
The demonstrations in Nagpur over the removal of Aurangzeb's tomb suddenly took the form of viole
