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India-US trade might touch $500 billion in the next 5 years: Jennifer Larson

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Hyderabad: The bilateral trade between India and the US might touch 500 billion US $ in the next 5 years said Jennifer Larson United States Consular General in Hyderabad. She was addressing a conference on “Global Alliances: Strengthening Economic Bridges” organised by FICCI Ladies Organisation (FLO).

Jennifer said, no country has so much robust relationship as much as India and the US have. The trade has grown nearly ten times since 2001, to about 200 billion USD in 2023. The strength of our relationship is our people-to-people connections, strong democracy and shared values. It may not be the right time for a bilateral trade agreement or something like a Free Trade Agreement. She ruled out that happening in immediate future because elections in India which followed by elections in the USA.

 She expressed confidence that the bilateral trade between both nations India and the US might touch 500 billion US $ in the next 5 years.

Jennifer said the inner Indian studying in the US is increasing year on year. 40 per cent of Indian students in America are Telugu. Telugu is the fastest-growing language in the USA

Number US companies have presence in Hyderabad. And their last count is anywhere around 200. And I keep going inaugurating them every week. A lot of them have set up their shops on their own accord. It is wonderful to see this and their number is likely go up said Jennifer.

We look forward to Pharma, IT, Defence Manufacturing, Multi brand retail etc for increased cooperation added Jennifer. A US investor has a billion US $ exposure in India and they are likely to triple their exposure, Jennifer added.

Hyderabad: The bilateral trade between both nations India and the US might touch 500 billion US $ in the next 5 years said Jennifer Larson United States Consular General in Hyderabad. She was addressing a conference on “Global Alliances: Strengthening Economic Bridges” oorganised by FICCI Ladies Organisation (FLO).

Jennifer said, no country has so much robust relationship as much as India and the US have. The trade has grown nearly ten times since 2001, to about 200 billion USD in 2023. The strength of our relationship is our people-to-people connections, strong democracy and shared values. It may not be the right time for a bilateral trade agreement or something like a Free Trade Agreement. She ruled out that happening in immediate future because elections in India which followed by elections in the USA.

 She expressed confidence that the bilateral trade between both nations India and the US might touch 500 billion US $ in the next 5 years.

Jennifer said the inner Indian studying in the US is increasing year on year. 40 per cent of Indian students in America are Telugu. Telugu is the fastest-growing language in the USA

Number US companies have presence in Hyderabad. And their last count is anywhere around 200. And I keep going inaugurating them every week. A lot of them have set up their shops on their own accord. It is wonderful to see this and their number is likely go up said Jennifer.

We look forward to Pharma, IT, Defence Manufacturing, Multi brand retail etc for increased cooperation added Jennifer. A US investor has a billion US $ exposure in India and they are likely to triple their exposure, Jennifer added.

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