India US Trade
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India US Trade: Trade and commerce have always played a significant part in the rapidly expanding multi-faceted bilateral relations between India and US. With each passing day, there are new Indian business houses opening up shops in the US and vice versa, which in turn is helping the India US Trade to grow.
From a modest US$ 5.6 billion in 1990, the bilateral trade in merchandise goods has increased to US$ 31.92 billion in 2006 representing an impressive 470 per cent growth in a span of 16 years. Over the last five years, U.S. exports to India have more than doubled, helping to create better-paying jobs in the United States thereby improving the India US Trade relations.
India's merchandise exports to the US grew at 16.07 per cent from US$ 18.80 billion in 2005 to US$ 21.83 billion in 2006. US exports of merchandise to India increased from US$ 7.99 billion in 2005 to US$ 10.09 billion in 2006, an increase of 26.31 per cent, all these show the success rate of the India US Trade relations.
US brands have always been household names in India. An aggressive market in India is now enabling the reverse. As India US Trade relations continue to look cheerful and bright, many Indian brands are creating their own space in the American mind.
India's merchandise exports to the US grew at 16.07 per cent from US$ 18.80 billion in 2005 to US$ 21.83 billion in 2006. US exports of merchandise to India increased from US$ 7.99 billion in 2005 to US$ 10.09 billion in 2006, an increase of 26.31 per cent, all these show the success rate of the India US Trade relations.
US brands have always been household names in India. An aggressive market in India is now enabling the reverse. As India US Trade relations continue to look cheerful and bright, many Indian brands are creating their own space in the American mind.
- TCS employs about 10,000 people in the US handling technology services for Fortune 500 companies such as General Electric.
- Mahindra & Mahindra has emerged as a well-known tractor brand in the US. It is now planning to launch the Scorpio in the US sports utility vehicle market.
- Indian food brands and fast moving consumer goods (FMCGs) are now increasingly finding prime shelf-space in the retail chains of the US and Europe. These include Cobra Beer, Bikanervala Foods, MTR Foods' ready-to-eat food stuff, ITC's Kitchen of India and Satnam Overseas' Basmati rice.
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