Indian industries aim to boost trade with U.S. following Modi-Trump meeting
Indian industries see a chance to grow business with the U.S. after Prime Minister Modi's meeting with President Trump. Talks for a trade deal will resume this year, aiming to double bilateral trade to $500 billion. India plans to increase purchases of U.S. defense and energy products. Indian manufacturers have improved competitiveness through government incentives and quality upgrades, making them more appealing to U.S. buyers seeking alternatives to China. India's trade with the U.S. rose significantly, reaching $190 billion by 2023, with a $50 billion surplus. Key sectors like textiles and electronics could benefit from the anticipated trade deal.