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National News

Feb 23, 2020

US Prez Trump's visit to India is expected to focus on several key areas

US President Donald Trump's visit to India is expected to focus on several key areas, including economic and energy ties. Whether in countering terrorism or in ensuring a peaceful and prosperous Indo-Pacific, India and the US have unprecedented convergence of interests. It is a strategic partnership based on shared values and geared towards the 21st century. 

AIR correspondent reports that the US is India’s largest trading partner in goods and services combined. Relationship with the US has evolved into one of India's most consequential relationships today. The overall bilateral trade increased by over 10 per cent per annum over the past two years to reach 142 billion dollars in 2018. 

Bilateral trade is expected to cross 150 billion dollars for the first time this year. Two way merchandise trade stood at around 87 billion dollars. Of this, India’s goods exports to the US were valued at 54 billion dollars. 

The US has emerged as a key partner for India in the field of energy. It is now also India's 6th largest source of crude oil imports, with hydrocarbon imports rising to 7 billion dollars in the last two years.

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