India-USA Trade Relations: A Strong and Growing Economic Partnership

Introduction

India USA Trade Relations in 2025 have shared a strong economic relationship over the years. In 2023-24, the US emerged as India’s largest trading partner, and one of the few countries where India maintained a trade surplus. The trade between the two nations has grown significantly, covering various industries, including engineering goods, electronic items, pharmaceuticals, petroleum, and more.

This article provides a detailed analysis of India-USA trade relations, highlighting major exports and imports, Foreign Direct Investment (FDI), and recent trends in 2025.

India-USA Trade Overview

• In FY24, bilateral trade between India and the US was $118.2 billion (INR 9.85 lakh crore), slightly lower than $128.78 billion (INR 10.74 lakh crore) in FY22.
• India maintained a trade surplus of $36.8 billion (INR 3.06 lakh crore) with the US in FY24.
• Indian exports to the US stood at $77.5 billion (INR 6.46 lakh crore), while imports from the US were $40.7 billion (INR 3.39 lakh crore) in FY24.
• The US is the 3rd largest foreign investor in India, with cumulative FDI inflows of $67.76 billion (INR 5.65 lakh crore) from April 2000 to September 2024.

Major Exports from India to the US

India exports a wide variety of goods to the US. Some of the major export items include:

Export Trends From India to the USA (2024-2025)

• The key exported items were:
  • Engineering goods – $17.6 billion (INR 1.56 lakh crore)
  • Electronic goods – $10.0 billion (INR 0.85 lakh crore)
  • Gems & Jewelry – $9.90 billion (INR 0.84 lakh crore)
  • Drugs Formulations & Biological – $8.72 billion (INR 0.74 lakh crore)
  • Petroleum Products – $5.83 billion (INR 0.49 lakh crore)
  • RMG Cotton & Accessories – $4.71 billion (INR 0.40 lakh crore)

Major Imports by India from the US

India imports various high-value goods from the US, including crude oil, electronics, and machinery.

Import Trends From USA to the India (2024-2025)

• The major imported goods were:
  • Mineral fuels & oils – $12.9 billion (INR 1.10 lakh crore)
  • Pearls & Semi-precious stones – $5.16 billion (INR 0.44 lakh crore)
  • Nuclear reactors & machinery – $3.75 billion (INR 0.32 lakh crore)
  • Electrical machinery & equipment – $2.38 billion (INR 0.20 lakh crore)
  • Optical, Photographic, and Medical Instruments – $1.86. billion (INR 0.15 lakh crore)
  • Organic Chemicals – $1.42 billion (INR 0.12 lakh crore)

Growth and Future Outlook (2025)

The India-US trade partnership is expected to grow further in 2025, with increasing investments, technological collaborations, and supply chain diversification. Several factors will drive this growth:

1. Strengthening of Strategic Relations

• The India-US Strategic Partnership continues to strengthen through trade agreements and collaborations in technology, defense, and renewable energy.
• The Indo-Pacific Economic Framework (IPEF) will open more trade opportunities.

2. Digital and IT Expansion

• Indian IT exports to the US are expected to grow, with companies investing in AI, cloud computing, and cybersecurity.
• US firms continue outsourcing IT services to India due to its skilled workforce and cost efficiency.

3. Boost in Manufacturing & Exports

• India’s PLI (Production Linked Incentive) scheme will increase domestic manufacturing, boosting exports to the US.
• Growth in sectors like pharmaceuticals, semiconductors, and renewable energy will enhance trade.

4. Increasing FDI and Investments

• US investors are increasing their presence in Indian startups, green energy projects, and financial services.
• More US-based companies are establishing their global R&D centers in India.

India-USA Trade (2022-2025) – Growth Trend




• Trade was $120.14 billion (INR 10.23 lakh crore) in 2022.
• It declined slightly to $117.93 billion (INR 10.06 lakh crore) in 2023.
• Expected to cross $129.20 billion (INR 11.02 lakh crore) in 2024.

Conclusion

India and the USA continue to maintain strong trade relations, with both exports and imports showing steady growth. While India benefits from a trade surplus, the US remains a significant investor in India’s economy. The coming years will witness stronger economic collaboration, with sectors like IT, renewable energy, and defense manufacturing playing a vital role.

With government initiatives, policy reforms, and digital transformation, India-US trade is expected to break new records in 2025 and beyond, benefiting businesses and consumers in both nations.

B2B Export Import Academy provides a lot of opportunities to export and import products from India & USA; moreover, it helps businesses grow internationally by offering valuable guidance and support. We provide the opportunity to successfully do air shipment and sea shipment; in addition, we ensure smooth and reliable transportation for all your cargo needs. Indian business entrepreneurs and international traders have the best opportunity to expand their business overseas with the collaboration of B2B International Trade; in addition, this partnership helps in building strong global connections and increasing trade opportunities.

B2B Export Import Academy provides the best and most profitable platform for beginners and existing trade partners to create strong business trade relationships and accelerate their business; in addition, it helps them expand globally with the right guidance and support.

If you want to know more about our.

100% Practical Training Program.
Lifetime Support &️ Assistance for Shipments.
Learning➕️Earning Program.
On-line ➕️ Off-Line Training.
Training ➕ Trading Program & Job Assistance.
B2B Export Import Academy provides the opportunity.

To Learn & Execute Practically
Do your 1st successful shipment with expert’s guidance.
Opportunity to Live On-Ground Practical B2B Export Import Activities.
💹 India’s Largest Trade Hub.📍 Navi Mumbai, Vashi, India. ( Pan India Network )