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India-America Trade: India’s exports to America have increased by 5.57 percent to reach $ 59.93 billion during the first nine months (April-December) of the financial year 2024-25. This information has been received from government data. There has been an increase in exports due to strong demand for Indian products in the American market.
According to the data, India’s exports to America increased by 8.49 percent to seven billion dollars in December. In the first nine months of the current financial year, India’s imports from America increased by 1.91 percent to $33.4 billion. Whereas in December it increased by 9.88 percent to 3.77 billion dollars.
Experts believe that looking at the current trend, it can be said that trade between the two countries will increase further in the coming months. Bilateral trade between the two countries during April-December was $93.4 billion. At the same time, trade between India and China during the same period has been 94.6 billion dollars.
Experts believe that the possible trade war between America and China will create huge opportunities for Indian exporters. America is India’s largest trading partner from the year 2021-22. America’s share in India’s total goods exports is about 18 percent, it is more than six percent in imports. Whereas in bilateral trade it is approximately 11 percent.
Some experts have expressed concern that if the US imposes additional duties on some Indian goods, as US President Donald Trump has warned, it could affect trade. Ajay Srivastava, founder of the Global Trade Research Initiative (GTRI), an economic research institute, said, “If such a step is taken by the US, then India should respond strongly.”
In 2018, when America imposed tax on Indian steel and aluminium, India retaliated by increasing duty on 29 American products, due to which India recovered equal revenue.
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