US-India Trade Relations: Sustained Growth Amid Regime Changes

India's trade relations with the US continue to strengthen irrespective of changes in the US administration. With significant annual growth in exports and imports, both countries have benefitted from increased integration. Despite potential challenges like high tariffs and visa restrictions, bilateral trade relations have expanded substantially.

India's trade relations with the United States continue to thrive, irrespective of changes in the US administration, according to a top Indian government official.

Data from the Commerce Ministry indicates a surge in India's exports to the US, rising to $39.2 billion this October from $21.46 billion in the same month of 2015. Indian exports to America saw a compound annual growth rate of 10.48%, while US global imports grew by 4.76% between 2001 and 2023.

Commerce Secretary Sunil Barthwal emphasized the growing economic integration between the two nations and bipartisan support for this collaboration. Despite potential hurdles from policy shifts, such as high tariffs or stricter H-1B visa rules, the trade relationship remains resilient and robust.

(With inputs from agencies.)