Mega Trade Partnership: India and US Aim for USD 500 Billion Target

Prime Minister Narendra Modi announced a USD 500 billion trade target with the US by 2030, emphasizing a 'mega partnership for prosperity.' Strengthened cooperation in energy, defense, and technology were discussed, with Modi thanking Trump for his leadership and hospitality during their meeting in Washington, D.C.

On Thursday, Prime Minister Narendra Modi set an ambitious USD 500 billion target for India-US bilateral trade by 2030, highlighting a significant leap in economic ties. He announced this at a joint press conference held alongside US President Donald Trump in Washington.

Modi underlined the synergy between Trump’s ‘MAGA’ and India’s vision of ‘Viksit Bharat 2047’, describing the collaboration as a 'mega partnership for prosperity.' The two nations plan to bolster their oil and gas trade to ensure energy security for India. Additionally, Modi revealed plans to deepen cooperation in nuclear and defense sectors, emphasizing joint development and technology exchange.

Expressing gratitude for Trump's warm reception, Modi acknowledged the enduring friendship and mutual aspirations for a better world. President Trump, welcoming Modi to the White House, expressed his enthusiasm for the continued partnership, marking a promising future for both countries.