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of <h1>US-India Trade Hits $131.84B, Surpasses China, Sets Ambitious $500B Goal by 2030 for Economic Partnership</h1> The United States remained India's largest trading partner in fiscal year 2024-25, with bilateral trade reaching USD 131.84 billion. India's trade deficit with China widened to USD 99.2 billion, with exports contracting and imports rising. The US-India trade surplus increased to USD 41.18 billion, with key exports including drug formulations, telecom instruments, and precious stones. Both countries aim to expand bilateral trade to USD 500 billion by 2030.
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