Tuesday's discussion in Washington between US Secretary of Commerce Gina Raimondo and Principal Secretary to the Prime Minister P K Mishra focused on strategies to further deepen bilateral economic relations.
Mishra, who is now in Washington, also had conversations with top members of the US government, as well as with businesspeople, academics, and members of think tanks.
“Dr. P.K. Mishra, Principal Secretary @PMOIndia, and U.S. Secretary of Commerce @GinaRaimondo had a successful meeting. They spoke about “strengthening the economic and technological partnership,” the Indian Embassy in Washington tweeted.
He also met with Samantha Power, the administrator of USAID, and the two of them had fruitful conversations about the Coalition for Disaster Resilient Infrastructure (CDRI), international collaboration, and third-country alliances.
In 2022–2023, the US will surpass all other trade partners as India's largest trading partner due to the two nations' growing economic connections.
The bilateral trade between India and the US climbed by 7.65 percent to USD 128.55 billion in 2022–23 from USD 119.5 billion in 2021–22, according to preliminary figures from the commerce ministry. In 2020–21, it was USD 80.51 billion.
In the most recent fiscal year, India received over USD 5 billion in foreign direct investments from the US.
