India and the United States continue to showcase a thriving trade partnership, with Indian exports to the U.S. reaching an impressive $59.93 billion in the first nine months of the 2024-25 fiscal year. Representing a robust 5.57% growth compared to the same period last year, this achievement highlights the strong demand for Indian goods in the U.S. market. December alone witnessed an 8.49% surge in exports, amounting to $7 billion, further reinforcing the upward momentum in trade.
The United States remains a key trade partner, with imports from the U.S. rising 1.91% to $33.4 billion during the same period. December imports also demonstrated significant growth, increasing by 9.88% to $3.77 billion. This mutual growth underscores the expanding economic collaboration between the two countries.
With a total bilateral trade volume of $93.4 billion from April to December 2024-25, the U.S. solidifies its position as India’s top trading partner, a title it has held since 2021-22. The U.S. accounts for 18% of India’s total goods exports and approximately 11% of its overall trade, emphasizing the critical role of this relationship in driving global economic activity.
As global trade dynamics evolve, Indian exporters are poised to seize new opportunities in the U.S. market, leveraging their resilience and adaptability. This flourishing partnership not only enhances economic ties but also sets a benchmark for fostering innovation and sustainable growth in international trade.
The positive trajectory of India-U.S. trade reflects the shared commitment to strengthening global trade networks and unlocking greater economic potential for both nations.
#ITCNewsUpdates #BreakingNews #TradeNews #GlobalPartnerships #ExportGrowth #EconomicOpportunities #InternationalTrade