Read 5 Big Ideas for the Biden Administration: Elevating the U.S.-India Trade and Economic Partnership
The U.S.-India commercial relationship has seen fast-paced growth over the past decade, with bilateral goods and services trade growing 12.6 percent in 2019 to reach $146.1 billion. Still, the relationship holds significant untapped potential. Business-friendly policies can unlock upwards of $150 billion in new trade over the next four years, as resolution of regulatory issues for both U.S. and Indian companies opens the door for more expansive growth.
With a common set of values, robust democratic systems, and cultures of entrepreneurship, as well as longstanding people-to-people ties, the United States and India are natural partners. As leaders around the globe reevaluate global trade and investment ties, the United States and India can and should do more to achieve the shared goal of $500 billion in two-way trade.
USIBC stands ready to support the Biden administration on work to develop the economic policies that will transform our economies and create millions of high-quality jobs at home and abroad. These include high-level bilateral engagement in areas like digital security, healthcare, energy and sustainability, and educational exchanges.
