The US India Strategic and Partnership Forum 2nd annual leadership summit held in Washington. “US India Bilateral Trade Report” was released on the occasion.
Some findings of the report are:
- US India bilateral trade could reach USD 238 billion by 2025.
- Sectors such as defence trade, commercial aircrafts, oil and LNG, coal, machinery and electronics are areas of potential growth.
- The US-India trade balance has grown 3.8 per cent on an average in favour of India.
Static/Current Takeaways Important For EPFO/LIC ADO Mains:
- President of United States: Donald Trump; Capital: Washington, DC.
Source: The Financial Express
