US Ambassador Sergio Gor emphasises the need to reduce friction points and promote strategic sectors like AI and energy as US-India trade surpasses $240 billion, aiming for $500 billion by 2030.
Sergio Gor, the US ambassador to India, has said the next phase of economic ties between Washington and New Delhi will depend on reducing friction points that still unsettle investors. In remarks reported by Business Today, Gor called for predictable taxation and regulatory rules, more open discussion on export controls and technology transfer, and stronger protection for intellectual property. He argued that clearer rules would help firms invest, expand and hire with greater confidence.
Gor also used his speech to underline how deeply the two economies are already linked. He said the United States sources roughly 40% of its generic pharmaceuticals from India, presenting that as evidence of trust. He added that energy trade has also expanded sharply, with US imports and exports of liquefied natural gas and liquefied petroleum gas up 40% from a year earlier, according to his remarks.
The ambassador said goods and services trade between the two countries had climbed from about $20 billion to more than $240 billion in just over 20 years. He said both sides are still aiming for $500 billion in annual bilateral trade by 2030, a target that has become a recurring marker in the relationship as negotiators and business leaders press for a broader economic pact. Gor said the opportunity was especially strong in artificial intelligence, aerospace, defence, energy and other advanced sectors.
His latest comments fit a broader message he has delivered since taking up the post in India. Earlier this year, in remarks covered by The New Indian Express and Business Standard, Gor described India as indispensable to Washington and called the bilateral relationship the most consequential partnership of the century. He also said India would be part of Pax Silica, a US-led effort focused on artificial intelligence and resilient supply chains, signalling that the relationship is increasingly being framed not only around trade, but around strategic technology and industrial policy as well.
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