International trade between India and the US is significant and founded on shared democratic values and commitment to rules-based international systems. The two countries export and import a variety of goods, with India exporting gems, jewelry, textiles, IT and engineering products to the US, and importing machinery, medical instruments, and aircraft from the US. However, high tariffs and taxes on imports present obstacles. Key features of the trade relationship include more transparent US licensing for Indian imports, outsourcing of knowledge work from US companies to India to lower costs, and cooperation in industries like infrastructure, IT, telecom, energy, and pharmaceuticals. The open skies agreement has further boosted trade relations between the two nations.