Last decade and half saw India’s exports to the US rising by 266% while imports increased by 127%. Imports from the US peaked in FY23. Here’s a quick look at trade trends.
In FY24, drug formulations, pearls, precious stones top principal export commodities.
Between FY09 and FY24, India’s goods trade surplus with US rose 13.6 times
Top 10 exports, by principal commodities, FY24
Sharp increase in coal, coke imports from US in last 5 years; FY24 crude imports from US halved from levels in FY22, FY23
Finance Minister Nirmala Sitharaman on Friday met International Finance Corporation (IFC) Managing Director Makhtar Diop and discussed need for reforms…
