Trade <ul><li>In terms of India's major trading partner, USA continues to lead </li></ul><ul><li>India's share in US trade is 24th in US export and eighteenth in US imports. </li></ul><ul><li>The trade between the United States and India is relatively small. </li></ul>
India Imports from US <ul><li>sophisticated machinery (computers and components, gas turbines, telecom, etc) </li></ul><ul><li>Electrical machinery (recording/sound media) </li></ul><ul><li>Medical and surgical equipment/instruments </li></ul><ul><li>Aircraft, spacecraft (small aircraft) </li></ul><ul><li>Precious stones, metals (diamonds, not mounted or set), jewellery, Organic chemicals, Plastic etc. </li></ul>
<ul><li>United States is India's second largest source of FDI (after Mauritius), accounting for or 16% of total FDI flows to India from 1991 through July 2001. USA has 17.08% share in FDI inflows to India, While Mauritius is at top with 34.49% and Japan comes 3 rd with 7.33% share. </li></ul>
<ul><li>Another important aspect of India-US economic relations is the huge number of people of Indian origin residing in the US. These people according to some surveys conducted in the US, contribute a lot to US economy and are among the most highly educated class in America. </li></ul>
<ul><li>In order to capture more US investment and trade share, India is required to further relax its trade and investment regimes, accelerate privatization of state firms, </li></ul><ul><li>Also, US as like many other developed countries continue to provide undue protection to its agriculture that harms the interests of millions of poor farmers in India . </li></ul>
A Presentation By Satish Afaz Rohit Sham & Sireesha
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