US Ambassador to India Sergio Gor says bilateral trade has surged from around $20 billion to more than $240 billion in two decades, with Washington and New Delhi targeting $500 billion in trade by 2030.
US Ambassador to India Sergio Gor has described the India-US relationship as being at a “truly remarkable moment”, highlighting a sharp expansion in bilateral trade and growing cooperation across artificial intelligence, technology, aerospace, defence and energy.
Speaking in Mumbai, Gor said bilateral trade in goods and services had risen from roughly $20 billion just over two decades ago to more than $240 billion, marking a nearly 12-fold increase.
“That 12-fold increase doesn’t happen by accident,” Gor said, arguing that the expansion reflected the depth of cooperation between the two countries across strategic sectors.
He said India and the United States were now working together at “record levels”, particularly in emerging and strategically important areas, including AI, quantum computing, semiconductors, defence and critical minerals.
Gor also pointed to the ambitious goal of taking bilateral trade to $500 billion by 2030, describing it as evidence of the “sheer scale” of the economic opportunity between the two countries.
The ambassador further stressed the importance of political trust between US President Donald Trump and Prime Minister Narendra Modi.
“President Trump trusts India, and he has invested heavily in this relationship from day one,” Gor said.
According to Gor, the two countries have sought to use strategic technologies to deepen their partnership, with cooperation expanding into areas such as artificial intelligence, quantum computing, semiconductor manufacturing, defence and critical minerals.
More from BusinessHe also highlighted India’s role in global artificial intelligence cooperation, pointing to the Global AI Summit hosted in New Delhi.
Gor said the presence of a large number of American companies at the summit demonstrated why India had emerged as an important global hub for technology cooperation.
“Why was it held in India? Because this is the crossroads where we can take things forward,” he said. His remarks come as India and the US seek to broaden their economic and strategic relationship beyond traditional trade, with technology, supply-chain resilience, defence and critical minerals emerging as key pillars of the partnership.
