US-India bilateral trade to reach $238 billion by 2025: Report

Two-way trade between India and the US is projected to touch USD 238 billion by 2025 from USD 143 billion currently if it grows 7.5 per cent each year, the US-India Strategic Partnership Forum said Friday. This growth will occur if trade grows by average 7.5 per cent a year, as has been the trend for the past seven years, the USISPF said in a report.

The body also estimated that by 2025, bilateral trade could range between USD 283 billion and USD 327 billion, at an annual average growth rate of 10 to 12.5 per cent, as witnessed in 2017 and 2018. The assessment underscores pathways for growth and economic opportunity in our bilateral ties by highlighting current trends.

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