According to new data released by the Department of Commerce, American exports of merchandise to India grew by 17.2 percent from $15.03 billion during the period Jan- Nov 2009 to $ 17.61 billion during the corresponding period in 2010.
At the same time, imports from India also grew to $27.39 billion, from $19.38 billion, an increase of 41.36 per cent comparing the first 11 months of 2009 and 2010.
There is a good chance that bilateral trade between the countries for the full year 2010 will cross $50 billion for the first time. The India Expert expects this number to exceed $200 billion in less than six years.
