The canvas of India-US trade

With Trump’s tariffs round the corner, here are some numbers that reveal the India-US trade trends. The US has been the top destination for India’s goods exports for years, helping India post a trade surplus (exports minus imports). This trade surplus has grown at a CAGR of 9 per cent between FY 2000 and FY 2024. For context, India’s nominal GDP too has grown at a CAGR of 9 per cent during the same period. India’s top exports and imports are shown in the last two charts.