Bilateral trade between the US and India stood at US$ 119.42 billion (2021-2022) as against US$ 80.51 billion in 2020-21.
India’s Exports and Imports: Exports to the US increased to US$ 76.11 billion in 2021-22 from US$ 51.62 billion in the previous fiscal year, while imports rose to US$ 43.31 billion as compared to about US$ 29 billion in 2020-21.
Favourable Trade: America is one of the few countries with which India has a trade surplus. In 2021-22, India had a trade surplus of USD 32.8 billion with the US.
Defence Exercises
Security Agreements: GSOMIA: A military information agreement was the first of the foundational agreements to be signed in 2002. It essentially guaranteed that the two countries would protect any classified information or technology that they shared