Key Points
Data available from CMIE shows that Indias total trade with the US has surged 92% in the last 10 years to $118.3 billion in FY24 from $61.5 billion in FY14..
While In the last 10 years, Indias exports have surged 98% to $77.5 billion in FY24 from $39.1 billion in FY14..
Indias exports to the United States in the 2023-24 period showcased a diversified portfolio, totalling $77.5 billion in various sectors..
Indias imports from the United States experienced a slight decline in FY24, totalling $40.76 billion compared to $50.84 billion in FY23..
In the fiscal year 2023-24, India's imports from the United States were led by engineering goods, totalling $8.1 billion, followed closely by petroleum crude and products at $7.8 billion..
