Nancy Powell On Indo-US Bilateral Ties

Discussion on India's Investment in USA's Upstream Oil & Gas Sector
  • Convening a Track 1.5 event by the new govt even during its first 100 days will help initiate conversations on accomplishing the proposed $500 billion in bilateral goods and services trade between India and US.
  • Vital steps towards the same would require both the govts to take tough decisions and sign a Bilateral Investment Treaty (BIT) which could potentially produce much larger trade results
  • Both bilateral trade in goods and services and US exports to India (manufactured goods, transportation equipment, chemicals, education services) have witnessed an average growth rate of 15% per year.
  • India’s top exports to the US were manufactured goods, chemicals, apparel and textiles and information technology services.
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