India-US Economic Ties Hold “Incredible Potential”, Says Ambassador Sergio Gor

• Sergio Gor said India-US economic ties have major room for growth.

• Bilateral trade has risen from USD 20 billion to over USD 240 billion in two decades.

• Both countries aim to reach USD 500 billion in trade by 2030.

• Gor sought predictable regulations and stronger IP protection.

• AI, semiconductors, defence and energy remain key focus areas.

US Ambassador to India Sergio Gor has said the India-US economic partnership carries “unbelievable and incredible potential”, while stressing the need for more stable policies, stronger intellectual property safeguards and deeper cooperation in trade and emerging technologies.

Speaking at the IACC National Convention 2026, Gor said Indian investment in the United States benefits both economies. He noted that when Indian companies expand into the American market, they gain access to one of the world’s most dynamic business environments while also supporting employment in both India and the US.

Gor described such investments as a mutually beneficial arrangement, saying they help create opportunities across borders. According to him, Indian businesses entering the US market not only strengthen their global presence but also contribute to job creation at home and abroad.

The ambassador also highlighted the intensity of business engagement between the two countries. He said interactions with leading American corporations had become a routine part of his schedule, citing recent meetings with senior executives from Meta, Netflix and Rolls-Royce in a single morning as an example of the scale of corporate interest in India.

However, Gor said the full promise of the economic relationship can be achieved only if both countries work together to resolve existing challenges. He referred to these issues as “friction points” that must be addressed through a genuine partnership approach.

Among the key areas requiring attention, he listed predictable taxation, stable regulatory systems, greater trust around export controls and technology transfers, and robust intellectual property protection. Businesses, he said, need clarity and confidence in policy frameworks to invest and expand.

Gor said bilateral trade between India and the United States has grown dramatically over the past two decades. From about USD 20 billion, trade in goods and services has climbed to more than USD 240 billion, reflecting the widening scope of the relationship.

He also pointed to the shared goal of raising bilateral trade to USD 500 billion by 2030, calling it a sign of the scale of opportunity before both nations. According to him, sectors such as artificial intelligence, advanced technology, aerospace, defence and energy are already seeing rapid expansion in cooperation.

The ambassador underlined India’s importance in American supply chains, particularly in pharmaceuticals and energy. He said the US sources around 40% of its generic medicines from India, a figure he linked to Washington’s confidence in New Delhi as a dependable partner.

Gor also referred to expanding energy cooperation between the two countries. He said trade involving LNG and LPG had reached significant levels last year and described the growing exchange as another sign of US trust in India.

Strategic technologies, he added, have become central to the relationship under President Donald Trump and Prime Minister Narendra Modi. Gor said both leaders have placed strong emphasis on cooperation in sectors that will shape future economic and security partnerships.

He said President Trump has trusted India and invested in the bilateral relationship from the beginning of his second term. Gor also referred to a trust-focused initiative launched by the two leaders to accelerate collaboration in fields such as artificial intelligence, quantum computing, semiconductors, defence and critical minerals.

India’s role as a global technology meeting point was another theme in Gor’s remarks. Referring to the Global AI Summit hosted in New Delhi, he said many of the participating companies were American, demonstrating the country’s role as a platform where global innovation partnerships can advance.

Gor said the summit’s location in India reflected the country’s strategic position in shaping the next phase of technology cooperation. With trade expanding, investment flows deepening and advanced technologies becoming central to policy discussions, the India-US economic relationship appears set for a larger and more strategic role in the years ahead.