The United States Commercial Service on Oct 15 declared that the total bilateral trade between India and the US is likely to cross $50 billion by the end of 2008 against $41.6 billion last year. With the inking of the nuclear deal between the two countries recently, the trade volumes are likely to go up further not only with India but other countries too. Of the $17.6 billion US exports to India in 2007, aviation calculates to about $6 billion (34.4 per cent).
The growth has been quite speedy from $2 billion in 2006 to $6 billion in 2007, and there is huge potential for upside, according to Mr Steven White, Charge D'' Affairs, US Embassy. Mr White said that a large dependent of US companies is now in India exploring opportunities for co-operation with their Indian counterparts in the aviation sector.
The growth has been quite speedy from $2 billion in 2006 to $6 billion in 2007, and there is huge potential for upside, according to Mr Steven White, Charge D'' Affairs, US Embassy. Mr White said that a large dependent of US companies is now in India exploring opportunities for co-operation with their Indian counterparts in the aviation sector.
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