The bilateral trade between India and the US rose by 45 per cent to USD 113 billion in 2021 compared to USD 78 billion in the previous year.


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Both the countries have made a commitment to facilitate actions necessary for increasing the bilateral trade to USD 500 billion.


"India-US goods trade sets a new record! Goods trade witnessed a 45 per cent jump in 2021 from 2020 to reach a historic high of USD 113 billion," Commerce and Industry Minister Piyush Goyal said in a tweet.