The document summarizes Indo-US trade relations. It notes that the US is India's largest trading partner and India's exports to the US include precious stones, metals, textiles, and machinery. India imports sophisticated machinery, electrical goods, medical equipment, aircraft from the US. The US is also the second largest foreign direct investor in India after Mauritius. There is a large Indian diaspora population in the US that contributes significantly to the US economy. To increase US trade and investment, India needs further economic reforms and liberalization.