About Me

My photo
I am a young MBA student at Johnson & Wales University in Providence Rhode Island in the United States. I am from Mali in West Africa and have lived in over 6 different countries in 3 different continents. I like to think of myself as worldly and others will describe me as a Third Culture Individual (one that grew up in cultures that are not their own)

Wednesday, November 3, 2010

India-US Trade Will Reach $50 Billion this Fiscal

For the longest time we have heard about China-US trade, however right behind China is India lurking in the shadows ready to pounce at the smallest of opportunities. India-US trade is expected to grow considerably reaching $50 Billion by the end of this fiscal year. By March of 2011 bilateral trade between the two countries is expected to increase by at least 30 percent and reaching the magical sum of $50 Billion.

Informational technology, pharmaceuticals, and manufacturing sector account for about 60 percent of the trade relationship between the two. Trade is growing on both sides, according to the Indian Chamber of Commerce and Industry Indian foreign direct investment has been growing fast in the United States, creating about 65,000 jobs in greenfield projects and by means of mergers and acquisitions.

India is already the second fastest growing investor in the US, right after the United Arab Emirates. In my opinion it will be very interesting to see how far India-US trade relations will go; but on the other hand Indians are known to be very accommodating to foreigners. With all this being said I hope India does not relinquish its control to the number 1 world power, also known as the United States of America. (Stay Tuned)
Posted by at
Labels: , ,

1 comment:

  1. AnonymousOctober 15, 2021 at 8:52 PM

    I jumped on an opportunity to purchase a rental property over the 4th of weekend. Mr Pedro was quick to respond and since this was my first time getting a loan to buy a rental property , he was able to help me walk through the loan process. It was a great experience working with a good and kind loan lender Mr Pedro. I hope you know very well if you are looking for a loan to purchase a property or funding business purposes then Mr Pedro will be able to help you with such a process here his details WhatsApp+1 863 231 0632 . / pedroloanss@gmail.com !”

    ReplyDelete

Subscribe to: Post Comments (Atom)