US-India Trade: growing at 15 per cent compound annual growth rate
Indo-US trade may double in 5 years
Press Trust of India / Hyderabad November 01, 2010, 20:45 IST
The Indo-US trade is likely to be doubled in next five years from the present $37 billion, Suresh Kumar, Assistant Secretary of Commerce and Director General of the US Foreign Commercial Service said here today.
"We are growing at 15 per cent compound annual growth rate. We may double the trade in the next five years. Infrastructure development, clean energy, aviation and biotechnology are some of the key areas the US is interested to work with India," Kumar told media persons.
He said exports from the US in the last year to India stood at $16 billion and the exports from India to the US $21 billion.
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