New Delhi: US Commerce Secretary Gina Raimondo will be leading a big business delegation to India in the second week of March to discuss ways to further boost trade and investment ties between the countries, an official said.
Raimondo has scheduled to co-chair the US-India CEO Forum and US-India Commercial Dialogue meetings with her Indian counterpart Commerce and Industry Minister Piyush Goyal here, the official added.
“The meetings are expected March 8,” the official said.
The US is its top trading partner of India. The bilateral trade between the two nations has increased to $65.39 billion during April-January this fiscal against $62.27 billion a year ago.
Imports too rose to $42.9 billion during the ten months of this fiscal as compared to $34.34 billion during April-January 2021-22.
Trade experts believe that the trend of increasing bilateral trade with the US will continue in the coming years too, as New Delhi and Washington are engaged in further strengthening the economic ties.
India has received about $5 billion in Foreign direct investment (FDI) from the US during April-December 2022-23.
PTI