Washington aims to more than double trade with New Delhi within three years, as negotiators say talks on an interim agreement are advancing at an “incredible pace”.
The United States is aiming to more than double trade with India to above $500 billion within three years, a target that would mark a sharp increase from the record $240 billion level now cited by US officials, according to US Ambassador Sergio Gor. Speaking at a Freedom 250 reception in Mumbai, Gor said President Donald Trump had sent him to India with a clear instruction to produce tangible results and that both governments were now focused on turning that political intent into economic gains.
Gor framed the push as part of a broader expansion in the relationship, with semiconductors, critical minerals, energy, defence and artificial intelligence among the areas he said would drive the next phase. He also cast the partnership as one that stretches well beyond conventional trade, linking undersea digital infrastructure, industrial supply chains, research collaboration and commercial activity in space. The Tribune and other Indian outlets quoted him saying the relationship between the two countries was climbing rather than standing still.
The comments come as trade talks between New Delhi and Washington appear to be advancing quickly. The Times of India and Business Standard reported that Gor described negotiations on a bilateral trade agreement as moving at an “incredible pace”, with major issues already settled and both sides said to be close to a deal. In February, India and the US announced a framework for an interim trade agreement intended to improve market access and lower trade barriers across sectors including textiles, leather, engineering goods and pharmaceuticals.
Gor also pointed to the depth of American corporate involvement in Mumbai, where he said more than 500 major US companies operate, including Google, Meta, IBM, Procter & Gamble, Johnson & Johnson, Pfizer, Abbott, Merck, Citi, Bank of America and JPMorgan Chase. He argued that the presence of so many large firms, alongside the fact that American institutional investors make up the biggest single bloc of foreign capital in Indian equities traded on Mumbai’s exchanges, reflects confidence in India’s economic path. US Secretary of State Marco Rubio has separately described the strategic alignment between the two countries as “extraordinary”, while also noting that disagreements will remain on some issues even as the two sides seek to deepen cooperation.
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