“The meetings are expected to take place on March 8,” said an official.
New Delhi:
US Commerce Secretary Gina Raimondo will lead a large business delegation to India in the second week of March to discuss ways to further boost trade and investment ties, an official said.
The official said Ms. Raimondo will co-chair the US-India CEO Forum and the US-India Commercial Dialogue meeting here with her Indian counterpart, Commerce and Industry Minister Piyush Goyal.
“The meetings are likely on March 8,” the official said.
America is India’s top trading partner. Bilateral trade between the two countries increased to $65.39 billion during April-January of the current fiscal from $62.27 billion a year ago.
Imports also increased to USD 42.9 billion during the ten months of this fiscal as compared to USD 34.34 billion during April-January 2021-22.
Trade experts believe that bilateral trade with the US will continue to grow in the coming years as New Delhi and Washington look to further strengthen economic ties.
India has received about USD 5 billion in Foreign Direct Investment (FDI) from the US during April-December 2022-23.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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