US Targets $500 Billion in Bilateral Trade With India in 3 Years

The US aims to raise bilateral trade with India beyond $500 billion in three years, with Ambassador Sergio Gor highlighting opportunities in semiconductors, energy, defence, technology and investment.

The United States aims to increase bilateral trade with India to more than $500 billion within the next three years, US Ambassador to India Sergio Gor says. Speaking at the Freedom 250 reception in Mumbai, Gor highlights the growing economic and strategic partnership between the two countries and identifies emerging technologies, energy and defence as key areas for future cooperation.

Gor says bilateral trade has crossed $240 billion, marking significant growth over the past two decades. He adds that US President Donald Trump and Indian Prime Minister Narendra Modi reaffirm their commitment to expanding economic engagement, with a focus on delivering measurable outcomes and creating new opportunities for businesses in both countries.

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The ambassador identifies semiconductors, critical minerals, energy, defence and superintelligence among the sectors expected to drive the next phase of bilateral economic expansion. He describes the partnership as extending across multiple areas, from deep-sea infrastructure and industrial manufacturing to research, technology and commercial space exploration.

Mumbai continues to play an important role in strengthening commercial ties, with more than 500 major American companies operating in the city. These include technology companies such as Google, Meta and IBM, consumer goods companies including Procter & Gamble and Johnson & Johnson, pharmaceutical firms such as Pfizer, Abbott and Merck, and financial institutions including Citi, Bank of America and JPMorgan Chase.

Gor also points to American institutional investors as a significant source of foreign capital in Indian equity markets, describing their participation as a sign of confidence in India's economic outlook. He says the expanding presence of companies and investors from both countries supports a mutually beneficial relationship.

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The trade target comes as New Delhi and Washington continue negotiations on a proposed bilateral trade agreement. In February 2026, the two countries announced a framework for an interim agreement intended to improve market access and reduce trade barriers. The proposed arrangement covers sectors including textiles, leather, engineering goods and pharmaceuticals, although final terms and implementation timelines remain subject to further progress.

The latest push underscores both countries' efforts to deepen commercial engagement, expand investment flows and strengthen cooperation in strategic industries amid evolving global economic and technological priorities.