IND USA

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    IMPORTANT FACTS ABOUT U.S.A.

    The US has the largest and most technologically powerful economy in the world, with

    a per capita GDP of $47,400.

    GDP (purchasing power parity):

    Value of all final goods and services produced within a nation in a given year

    $14.72 trillion (2010 est.)Country comparison to the world: 2

    1 European Union$

    14,890,000,000,0002010 est.

    2 United States$

    14,720,000,000,0002010 est.

    $14.33 trillion (2009 est.)

    $14.72 trillion (2008 est.)

    GDP - per capita :

    $47,400 (2010 est.)Country comparison to the world: 11$46,700 (2009 est.)$48,300 (2008 est.)

    GDP : COMPOSITION BY SECTOR

    United States :: 2

    Rank countryGDP (purchasing

    power parity)

    Date of

    Information

    https://www.cia.gov/library/publications/the-world-factbook/geos/ee.htmlhttps://www.cia.gov/library/publications/the-world-factbook/geos/us.htmlhttps://www.cia.gov/library/publications/the-world-factbook/rankorder/2004rank.html?countryName=United%20States&countryCode=us&regionCode=na&rank=11#ushttps://www.cia.gov/library/publications/the-world-factbook/rankorder/2001rank.html?countryName=United%20States&countryCode=us&regionCode=na&rank=2#ushttps://www.cia.gov/library/publications/the-world-factbook/rankorder/2001rank.html?countryName=United%20States&countryCode=us&regionCode=na&rank=2#ushttps://www.cia.gov/library/publications/the-world-factbook/geos/ee.htmlhttps://www.cia.gov/library/publications/the-world-factbook/geos/us.htmlhttps://www.cia.gov/library/publications/the-world-factbook/rankorder/2004rank.html?countryName=United%20States&countryCode=us&regionCode=na&rank=11#us
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    Agriculture: 1.2%Industry: 22.2%Services: 76.7% (2009 est.)

    INFLATION

    This entry furnishes the annual percent change in consumer prices compared with theprevious year's consumer prices.

    INDUSTRY

    Leading industrial power in the world, highly diversified and technologicallyadvanced;Petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals,

    electronics, food processing, consumer goods, mining.

    EXPORTS:

    $1.27 trillion (2010 est.)country comparison to the world: 4$1.069 trillion (2009 est.)

    EXPORTS COMMODITIES:

    Agricultural products (soybeans, fruit, corn) 9.2%, industrial supplies (organicchemicals) 26.8%, capital goods (transistors, aircraft, motor vehicle parts, computers,telecommunications equipment) 49.0%, consumer goods (automobiles, medicines)15.0%

    EXPORTS- PARTNERS:

    Canada 19.37%, Mexico 12.21%, China 6.58%, Japan 4.84%, UK 4.33%, Germany4.1% (2009)

    IMPORTS

    $1.903 trillion (2010 est.)country comparison to the world: 1$1.575 trillion (2009 est.)

    IMPORTS COMMODITIES:

    1.4% (2010 est.)

    country comparison to the world: 33

    -0.3% (2009 est.)

    https://www.cia.gov/library/publications/the-world-factbook/rankorder/2078rank.html?countryName=United%20States&countryCode=us&regionCode=na&rank=4#ushttps://www.cia.gov/library/publications/the-world-factbook/rankorder/2087rank.html?countryName=United%20States&countryCode=us&regionCode=na&rank=1#ushttps://www.cia.gov/library/publications/the-world-factbook/rankorder/2092rank.html?countryName=United%20States&countryCode=us&regionCode=na&rank=33#ushttps://www.cia.gov/library/publications/the-world-factbook/rankorder/2092rank.html?countryName=United%20States&countryCode=us&regionCode=na&rank=33#ushttps://www.cia.gov/library/publications/the-world-factbook/rankorder/2078rank.html?countryName=United%20States&countryCode=us&regionCode=na&rank=4#ushttps://www.cia.gov/library/publications/the-world-factbook/rankorder/2087rank.html?countryName=United%20States&countryCode=us&regionCode=na&rank=1#us
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    Agricultural products 4.9%, industrial supplies 32.9% (crude oil 8.2%), capital goods30.4% (computers, telecommunications equipment, motor vehicle parts, officemachines, electric power machinery), consumer goods 31.8% (automobiles, clothing,medicines, furniture, toys)

    IMPORTS- PARTNERS:

    China 19.3%, Canada 14.24%, Mexico 11.12%, Japan 6.14%, Germany 4.53% (2009)

    List of the largest trading partners of the United States

    The largest U.S. partners with their total trade (sum of imports and exports) in billionsof US Dollars for year 2009 are as follows:

    Country Exports Imports Total Trade

    Canada 204.7 224.9 429.6

    China 69.6 296.4 366.0

    Mexico 129.0 176.5 305.5

    Japan 51.2 95.9 147.1

    Germany 43.3 71.3 114.6

    United Kingdom 45.7 47.5 93.2

    South Korea 28.6 39.2 67.9

    France 26.5 34.0 60.6

    Netherlands 32.3 16.1 48.4

    Taiwan 18.4 28.4 46.8

    http://en.wikipedia.org/wiki/Canadahttp://en.wikipedia.org/wiki/Canadahttp://en.wikipedia.org/wiki/People's_Republic_of_Chinahttp://en.wikipedia.org/wiki/People's_Republic_of_Chinahttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Japanhttp://en.wikipedia.org/wiki/Japanhttp://en.wikipedia.org/wiki/Germanyhttp://en.wikipedia.org/wiki/Germanyhttp://en.wikipedia.org/wiki/United_Kingdomhttp://en.wikipedia.org/wiki/United_Kingdomhttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/Francehttp://en.wikipedia.org/wiki/Francehttp://en.wikipedia.org/wiki/Netherlandshttp://en.wikipedia.org/wiki/Netherlandshttp://en.wikipedia.org/wiki/Republic_of_Chinahttp://en.wikipedia.org/wiki/Republic_of_Chinahttp://en.wikipedia.org/wiki/Canadahttp://en.wikipedia.org/wiki/People's_Republic_of_Chinahttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Japanhttp://en.wikipedia.org/wiki/Germanyhttp://en.wikipedia.org/wiki/United_Kingdomhttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/Francehttp://en.wikipedia.org/wiki/Netherlandshttp://en.wikipedia.org/wiki/Republic_of_China
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    Top US Exports to India

    Total Trade (Goods)

    Rank Country Exports

    (2010)

    Imports

    (2010)

    Total

    Trade2010)

    Percent of

    TotalTrade

    --- Total, All Countries 1,161.1 1,745.4 2,906.5 100.0%

    --- Total, Top 15 Countries 816.4 1,277.0 2,093.4 72.0%

    1 Canada 228.3 252.2 480.5 16.5%

    2 China 81.8 334.1 415.9 14.3%

    3 Mexico 148.8 210.4 359.2 12.4%

    4 Japan 55.1 109.0 164.1 5.6%

    5 Federal Republic of

    Germany

    44.1 75.3 119.4 4.1%

    6 United Kingdom 44.3 45.3 89.6 3.1%

    7 Korea, South 35.4 44.7 80.1 2.8%

    8 France 24.3 35.0 59.3 2.0%

    9 Taiwan 23.4 32.7 56.1 1.9%

    10 Brazil 32.3 21.6 53.9 1.9%

    11 Netherlands 31.7 17.2 48.9 1.7%

    12 India 17.6 27.4 45.0 1.5%

    13 Singapore 26.4 16.1 42.5 1.5%

    14 Venezuela 9.9 30.0 39.9 1.4%

    15 Italy 12.9 26.0 38.9 1.3%

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    Among the top U.S. exports to India, Americas biggest and fastest-growing export to India is

    aircraft and spacecraft products. This shows that the United States holds strong competitive

    advantages in aerospace engineering.

    For the 5-month period ending May 2010, the following U.S. exports to India had the highest

    dollar values.

    1. Aircraft and spacecraft plus parts US$1.05 billion, up 210.4% from 2010 (14% of

    U.S. exports to India)

    2. Non-industrial diamonds $620 million, up 129.6% (8.3%)

    3. Diammonium phosphate fertilizer $495.5 million, up 9.1% (6.6%)

    4. Non-monetary gold $206.5 million, up 37.3% (2.8%)5. Coal tar oils $204.3 million, up 19.4% (2.7%)

    6. Bituminous coal, not agglomerated $200.1 million, down 51.1% (2.7%)

    7. Voice, images and data machines including routers $156.3 million, up 41.1%

    (2.1%)

    8. Iron waste and scrap $129.2 million, up 52.2% (1.7%)

    9. Large gas turbines (output over 5,000 kilowatts) $126.4 million, up 35.6% (1.7%)

    10. Jewelry other than silver $117.1 million, down 16.9% (1.6%).

    Among the top 10 American exports to India, 8 had percentage sales increases as of May

    2010.

    India Exported products to USA in year 2009-2010

    HS Code 2008-2009 2009-2010 %Growt

    71 Natural Or Cultured Pearls,Precious Or SemipreciousStones,Pre.Metals,Clad With Pre.Metal And ArtclsThereof;Imit.Jewlry;Coin.

    4,660.08 4,740.33 1.72

    62 Articles Of Apparel And Clothing Accessories, Not Knitted OrCrocheted.

    1,498.37 1,495.26 -0.21

    30 Pharmaceutical Products 947.55 1,248.94 31.81

    61 Articles Of Apparel And Clothing Accessories, Knitted OrCorcheted.

    1,216.12 1,164.31 -4.26

    85 Electrical Machinery And Equipment And Parts Thereof; SoundRecorders And Reproducers, Television Image And Sound RecordersAnd Reproducers,And Parts.

    1,571.69 1,138.11 -27.59

    63 Other Made Up Textile Articles; Sets; Worn Clothing And WornTextile Articles; Rags

    956.11 1,100.21 15.07

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    29 Organic Chemicals 949.84 1,085.31 14.26

    84 Nuclear Reactors, Boilers, Machinery And Mechanical Appliances;Parts Thereof.

    1,101.84 886.61 -19.53

    73 Articles Of Iron Or Steel 1,579.48 763.29 -51.67

    27 Mineral Fuels, Mineral Oils And Products Of Their Distillation;Bituminous Substances; Mineral Waxes.

    170.25 448.34 163.34

    87 Vehicles Other Than Railway Or Tramway Rolling Stock, And PartsAnd Accessories Thereof.

    525.24 435.91 -17.01

    57 Carpets And Other Textile Floor Coverings. 386.17 368.53 -4.57

    39 Plastic And Articles Thereof. 302.43 281.98 -6.76

    72 Iron And Steel 667.05 251.28 -62.33

    99 Miscellaneous Goods. 136.73 221.89 62.28

    90 Optical, Photographic Cinematographic Measuring, CheckingPrecision, Medical Or Surgical Inst. And Apparatus Parts AndAccessories Thereof;

    240.04 218.37 -9.03

    68 Articles Of Stone, Plaster, Cement, Asbestos, Mica Or SimilarMaterials.

    220.02 202.63 -7.91

    42 Articles Of Leather,Saddlery And Harness;Travel Goods, HandbagsAnd Similar Cont.Articles Of Animal Gut(Othr Thn Silk-Wrm)Gut.

    229.83 195.73 -14.84

    3 Fish And Crustaceans, Molluscs And Other Aquatic Invertabrates. 198.63 187.05 -5.83

    88 Aircraft, Spacecraft, And Parts Thereof. 267.49 183.42 -31.43

    8 Edible Fruit And Nuts; Peel Or Citrus Fruit Or Melons. 220.36 170.52 -22.62

    13 Lac; Gums, Resins And Other Vegetable Saps And Extracts. 203.96 158.91 -22.09

    38 Miscellaneous Chemical Products. 247.05 148.03 -40.08

    33 Essential Oils And Resinoids; Perfumery, Cosmetic Or ToiletPreparations.

    172.84 145.99 -15.53

    9 Coffee, Tea, Mate And Spices. 160.19 142.93 -10.77

    32 Tanning Or Dyeing Extracts; Tannins And Their Deri. Dyes,Pigments And Other Colouring Matter; Paints And Ver; Putty And

    Other Mastics; Inks.

    132.34 133.76 1.07

    89 Ships, Boats And Floating Structures. 2.13 128.94 5,951.30

    94 Furniture; Bedding, Mattresses, Mattress Supports, Cushions AndSimilar Stuffed Furnishing; Lamps And Lighting Fittings NotElsewhere Specified Or Inc

    120.08 125.97 4.9

    64 Footwear, Gaiters And The Like; Parts Of Such Articles. 163.74 123.88 -24.34

    40 Rubber And Articles Thereof. 144.85 120.45 -16.85

    12 Oil Seeds And Olea. Fruits; Misc. Grains, Seeds And Fruit; IndustrialOr Medicinal Plants; Straw And Fodder.

    107.82 78.6 -27.1

    82 Tools Implements, Cutlery, Spoons And Forks, Of Base Metal; PartsThereof Of Base Metal.

    94.86 78.06 -17.71

    35 Albuminoidal Substances; Modified Starches; Glues; Enzymes. 88.25 66.32 -24.8520 Preparations Of Vegetables, Fruit, Nuts Or Other Parts Of Plants. 62.9 66.04 4.99

    15 Animal Or Vegetable Fats And Oils And Their Cleavage Products;Pre. Edible Fats; Animal Or Vegetable Waxex.

    54.53 55.82 2.36

    52 Cotton. 67.38 54.82 -18.64

    97 Works Of Art Collectors' Pieces And Antiques. 72.89 54.43 -25.33

    55 Man-Made Staple Fibres. 40.85 52.36 28.19

    96 Miscellaneous Manufactured Articles. 44.56 51.82 16.28

    76 Aluminium And Articles Thereof. 70.01 51.01 -27.13

    54 Man-Made Filaments. 58.02 49.13 -15.33

    10 Cereals. 61.86 47.55 -23.12

    34 Soap, Organic Surface-Active Agents, Washing Preparations,

    Lubricating Preparations, Artificial Waxes, Prepared Waxes,Polishing Or Scouring Prep.

    47.93 45.84 -4.37

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    48 Paper And Paperboard; Articles Of Paper Pulp, Of Paper Or OfPaperboard.

    47.35 42.56 -10.12

    21 Miscellaneous Edible Preparations. 40.56 41.22 1.63

    74 Copper And Articles Thereof. 50.5 38.24 -24.28

    19 Preparations Of Cereals, Flour, Starch Or Milk; PastrycooksProducts.

    39.05 38.22 -2.14

    28 Inorganic Chemicals; Organic Or Inorganic Compounds Of PreciousMetals, Of Rare-Earth Metals, Or Radi. Elem. Or Of Isotopes.

    104.94 36.88 -64.86

    70 Glass And Glassware. 39.83 36.65 -7.97

    50 Silk 56.44 35.42 -37.25

    83 Miscellaneous Articles Of Base Metal. 33.33 34.95 4.89

    31 Fertilisers. 0.95 34.02 3,489.97

    25 Salt; Sulphur; Earths And Stone; Plastering Materials, Lime AndCement.

    53.43 32.57 -39.04

    56 Wadding, Felt And Nonwovens; Spacial Yarns; Twine, Cordage,Ropes And Cables And Articles Thereof.

    27.73 31.76 14.52

    24 Tobacco And Manufactured Tobacco Substitutes. 33.16 30.41 -8.31

    44 Wood And Articles Of Wood; Wood Charcoal. 34.94 29 -1760 Knitted Or Crocheted Fabrics. 32.88 28.4 -13.63

    49 Printed Bookds, Newspapers, Pictures And Other Products Of ThePrinting Industry; Manuscripts, Typescripts And Plans.

    27.45 24.92 -9.22

    7 Edible Vegetables And Certain Roots And Tubers. 26.02 23.95 -7.98

    58 Special Woven Fabrics; Tufted Textile Fabrics; Lace; Tapestries;Trimmings; Embroidery.

    25.6 23.91 -6.6

    4 Dairy Produce; Birds' Eggs; Natural Honey; Edible Prod. Of AnimalOrigin, Not Elsewhere Spec. Or Included.

    19.85 22.96 15.67

    95 Toys, Games And Sports Requisites; Parts And Accessories Thereof. 25.96 20.04 -22.79

    16 Preparations Of Meat, Of Fish Or Of Crustaceans, Molluscs Or OtherAquatic Invertebrates

    9.71 17.23 77.48

    53 Other Vegetable Textile Fibres; Paper Yarn And Woven Fabrics OfPaper Yarn.

    17.81 17.06 -4.21

    67 Prepared Feathers And Down And Articles Made Of Feathers Or OfDown; Artificial Flowers; Articles Of Human Hair.

    12.36 13.23 7.02

    59 Impregnated, Coated, Covered Or Laminated Textile Fabrics; TextileArticles Of A Kind Suitable For Industrial Use.

    14.58 11.37 -22.05

    6 Live Trees And Other Plants; Bulbs; Roots And The Like; CutFlowers And Ornamental Foliage.

    16.04 11.16 -30.38

    98 Project Goods; Some Special Uses. 7.71 10.75 39.36

    11 Products Of The Milling Industry; Malt; Starches; Inulin; WheatGluten.

    5.69 10.33 81.4

    69 Ceramic Products. 11.33 9.25 -18.39

    41 Raw Hides And Skins (Other Than Furskins) And Leather 8.77 7.97 -9.05

    18 Cocoa And Cocoa Preparations. 3.64 5.69 56.12

    93 Arms And Ammunition; Parts And Accessories Thereof. 2.99 4.97 65.97

    86 Railway Or Tramway Locomotives, Rolling-Stock And Parts Thereof;Railway Or Tramway Track Fixtures And Fittings And Parts Thereof;Mechanical

    10.83 3.83 -64.66

    51 Wool, Fine Or Coarse Animal Hair, Horsehair Yarn And WovenFabric.

    4.2 3.6 -14.28

    26 Ores, Slag And Ash. 0.52 3.6 598.02

    37 Photographic Or Cinematographic Goods. 4.25 3.13 -26.22

    75 Nickel And Articles Thereof. 3.5 3.09 -11.89

    22 Beverages, Spirits And Vinegar. 2.66 2.97 11.6792 Musical Instruments; Parts And Accessories Of Such Articles. 5.1 2.88 -43.49

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    79 Zinc And Articles Thereof. 2.51 2.2 -12.38

    17 Sugars And Sugar Confectionery. 3.9 2.09 -46.46

    81 Other Base Metals; Cermets; Articles Thereof. 1.82 2.03 11.25

    65 Headgear And Parts Thereof. 4.38 2 -54.25

    2 Meat And Edible Meat Offal. 0.72 1.86 157.81

    36 Explosives; Pyrotechnic Products; Matches; Pyrophoric Alloys;Certain Combustible Preparations. 2.1 1.6 -23.73

    23 Residues And Waste From The Food Industries; Prepared AnimalFoder.

    1.08 1.33 23.82

    80 Tin And Articles Thereof. 0.15 1.18 661.33

    46 Manufactures Of Straw, Of Esparto Or Of Other Plaiting Materials;Basketware And Wickerwork.

    2.26 1.11 -50.77

    5 Products Of Animal Origin, Not Elsewhere Specified Or Included. 1.18 0.94 -20.14

    14 Vegetable Plaiting Materials; Vegetable Products Not ElsewhereSpecified Or Included.

    0.99 0.81 -17.98

    91 Clocks And Watches And Parts Thereof. 1.59 0.77 -51.86

    47 Pulp Of Wood Or Of Other Fibrous Cellulosic Material; Waste And

    Scrap Of Paper Or Paperboard.

    0.02 0.15 660.1

    78 Lead And Articles Thereof. 0.25 0.09 -65.94

    1 Live Animals. 0 0.07 8,425.00

    66 Umbrellas, Sun Umbrellas, Walking-Sticks, Seat-Sticks,Whips,Riding-Crops And Parts Thereof.

    0.13 0.04 -71.58

    45 Cork And Articles Of Cork. 0.02 0.03 16.95

    43 Furskins And Artificial Fur, Manufactures Thereof. 0 0 -57.89

    21,149.53 19,535.49 -7.63

    Trade policy of U.S.

    1. The United States remains strongly committed to the rules-based multilateral trading

    system, which advances the well-being of the people of the United States and of its

    trading partners. The United States continues its steadfast belief that transparency is a

    fundamental component of robust world trade.

    2. An ambitious and balanced Doha Round as a means to generate economic growth

    through meaningful new trade flows in agriculture, industrial goods and services

    remains a top U.S. trade negotiating priority.

    3. The fundamental features of U.S. trade policy -- maintenance of open, competitive

    markets, compliance with WTO obligations, and leadership in the multilateral trading

    system -- remain unchanged despite new challenges presented by a dynamic, global

    economy.

    4. In 2009, President Obama set a goal of doubling U.S. exports in the subsequent five

    years an increase that will support 2 million additional jobs in the United States.

    The new National Export Initiative is part of the Administration's focus on spurring

    economic growth and putting Americans back to work.

    5. a trade policy focused on the largest opportunities for increasing American exports

    and jobs, on opening markets and boosting innovation, and based on the principles ofa rules-based global trading system can contribute powerfully to the goal of

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    sustainable economic growth that provides the benefits of trade at home while also

    advancing global recovery. The United States has created an extensive series of

    bilateral and regional trade and investment agreements. In 2009, the United States

    also issued a notification of its intention to begin negotiations with seven partner

    countries (Australia, Brunei, Chile, New Zealand, Peru, Singapore, and Vietnam) forthe Trans-Pacific Partnership.

    6. During the most severe recession since the 1930s, the United States maintained its

    commitment to international trade obligations and avoided further aggravating

    economic difficulties that would have been intensified by trade restrictive reactions.

    Even so, U.S. and global trade contracted sharply beginning in mid-2008, with

    recovery beginning only in early 2009.

    7. With 95 per cent of the world's population living outside our borders, the United

    States remains committed to the integrity of existing trade agreements and to the

    negotiation of additional trade agreements, both multilateral and bilateral, that open

    markets further and create opportunities for trade, trade-related job and income

    expansion for all.

    8. . As of 2008, exports supported over 10 million jobs in the United States alone,

    including one in four in the manufacturing sector. Imports from U.S. trade partners

    have also helped expand our purchasing power, widen choices for American

    consumers, and provide valuable inputs into U.S. production.

    9. The United States maintains one of the world's most open trade regimes, with the

    current U.S. simple average tariff at 3.5 per cent on a legally bound basis under the

    WTO. When GSP and other preferences are taken into account, the U.S.

    trade-weighted average tariff is under 1.4 per cent on an applied basis.

    10. In 2009, 70 per cent of all U.S. imports (including under preference programs)

    entered the United States duty free. U.S. service markets are open to foreign

    providers and U.S. regulatory processes are transparent and accessible to the public.

    India US Trade relations:

    1. India's relations with USA have grown since the economic restoration. Trade relation

    between these two countries is the significant aspect of the global and strategic

    partnership existing between them.

    2. Over the longer term of ten years, India and the US can become much more

    significant economic partners.Considering that India, a country with a GDP of around$1 trillion, accounts for a mere 1.3% of US trade, there is substantial potential to

    increase bilateral trade.

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    3. The major export items from India to the United States include fish, seafood, precious

    stones, textile products, Apparels, Metals, Machinery, Organic Chemicals, Iron and

    steel products.

    4. The major import items to India from the United States include Medical and surgical

    equipments, Computer and computer parts, gas turbines, telecom, electrical

    machinery, plastic, cotton, wooden pulp.

    5. The Next Steps in Strategic Partnership provides a more transparent U.S. licensing

    arrangements for Indian imports of sensitive items and technology. This in turn have

    lead to an enhancement in the high-tech trade between the two countries.

    6. The India US Trade Relations was further boosted with the conclusion of an Open

    Skies Agreement between the two nations in the year 2005. This agreement is

    supposed to increase the air connectivity between the two countries, thereby

    improving the commercial and trade relations.

    7. Outsourcing of knowledge work to India by the US based companies is a significant

    feature of the India US Trade Relations as producing goods and services in India

    makes them cheaper in the US.

    8. The India US Trade Relations is also characterized by the inter-dependence in terms

    of financial markets as US institutional investors are increasingly investing in India

    and on the other hand Indian multinational corporations are going on buying

    companies in the US and establishing operations in the US.

    9. Areas like infrastructure, IT, Telecom sector, energy and other knowledge industries

    such as pharmaceuticals and biotechnology, are the favorite areas for economic

    cooperation between India and the US. Some of the major multi national corporations

    of USA doing a profitable business in India are- General Electric, Whirlpool Ford

    (India), 3M, Tecumseh Products (India) Limited, Pepsi, Proctor and Gamble (India),

    Microsoft, Intel, and IBM Corporation.

    India US economic relations in forth coming era can attain some new

    dimensions:

    1. High technology trade to frontier technology-strategic shift: India and USA can be partners

    in developing knowledge frontiers in science and technology including space, robotics,

    defense, nuclear energy and their business applications.

    2. High interface in service trade- Strong bilateral engagement across diverse services

    sectors: This would involve significant liberalization of the Indian service economy on the

    one hand, and easy movement of personnel across borders on the other.

    3. Investment destinations: to work on mutual investment aggressively. US investors shouldhave a leading role in the economic transformation of India.

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    4. The recent visit of American President Barack Obama also give positive signals that the

    relations between these two countries are healthy and outcome of the business strategy of

    both these countries will surely result into betterment of both the country.