According to the publication India Matters for America/America Matters for India created by The East West Center in Washington and the Federation of Indian Chambers of Commerce and Industry (FICCI),”Every U.S. state exports to India; these exports support more than 260,000 jobs directly and indirectly.”
The launch of the publication brought together experts from the U.S. Government, business, and academia to assess how the partnership between the United States and India has moved towards greater cooperation in matters of defense, trade and investment, and educational and people-to-people exchange. Particular emphasis was on how local connections at the state level are shaping the relationship.
Other notable bits of information, as reported by the Economic Times:
- U.S. is India’s 2nd largest trading partner while India is the 9th largest goods trading partner of the U.S.
- The U.S. is the top destination for Indian goods, forming 14 percent of India’s export
- U.S. exports amounted to $21.5 billion in goods and $18.1 billion in services to India in 2015
- U.S. goods imports from India increased from $1 billion in 2000 to almost $45 billion in 2015
- Nearly 2,000 American multinational enterprises operate in India; sales by these companies amounted to $76.7 billion in 2014
- Over 200 Indian companies operate in the United States; sales by these companies totaled $25 billion in 2014
- More than 1.2 million U.S. tourists visited India in 2015, accounting for over 15 percent of all international visitors, contributing over $3 billion to the Indian economy
- In 2015, over 1 million Indians traveled to the United States. As the 7th largest source of visitorspending in the United States, Indian tourists have contributed $11.4 billion to the U.S. economy
- India’s foreign direct investment in the U.S. totaled $9.2 billion in 2015, up more than 500 percent since 2006. Among the Asia Pacific countries, India is the 7th largest investor in the U.S.
- Since 2000, the cumulative investment from U.S. into India reached $28.3 billion in 2015
- The defense trade between the U.S. and India increased from $1 billion to over $15 billion