Washington D.C. - The United States and India have set an ambitious target to achieve $500 billion in two-way trade by 2030. This goal, initially agreed upon during a meeting between President Donald Trump and Prime Minister Narendra Modi at the White House in February 2025, represents a significant step towards bolstering economic relations between the two nations.
Currently, trade between the U.S. and India is substantial, but both countries believe there is significant room for growth. Key sectors identified for expansion include technology, energy, agriculture, and manufacturing. Officials from both governments have been engaged in ongoing discussions to identify and address potential barriers to trade.
Reaching the $500 billion target would not only benefit the economies of both nations but also strengthen their strategic partnership. Increased trade is expected to create jobs and foster innovation in both countries. The focus now is on implementing policies and initiatives that will facilitate trade and investment, ensuring that this ambitious goal becomes a reality.
US and India Target $500 Billion Trade Deal by 2030
The United States and India are working towards a significant increase in trade. Both nations aim to reach $500 billion in two-way trade volume by the year 2030. This ambitious goal was initially set during a meeting between then-President Donald Trump and Prime Minister Narendra Modi. Achieving this target would strengthen economic ties between the two countries.