The India-US partnership has steadily grown over the past several years and remains on a strong trajectory for the first four months of 2023, according to a report released by the US-India Business Council.
The report highlighted that in 2021 alone, India and the US held 17 high-level visits between the two nations and met twice in the Quad ministerial-level and five other ministerial-level meetings, forging stronger defense, security, economic, and people-to-people ties.
The report further mentioned that both countries pledged to further deepen their strategic partnership and cooperation, and to continue their cooperation for a free, open, inclusive, and prosperous Indo-Pacific region during their 2nd 2+2 Ministerial Dialogue held in September 2021.
Trade between the two countries has been strong in the first four months of 2023, with a record-breaking two-way trade of US$30.5 billion during the period, according to the report.
The US was the key destination for Indian exports, accounting for 14.2 percent of India’s total exports. Moreover, India’s imports from the US also increased by 12.8 percent year-on-year during the period, and accounted for 4.7 percent of