By 2030, India-US trade might total $500–600 billion dollars

Credit: Google

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Currently, the two nations' commerce is valued at roughly 175 billion USD.

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India's participation in the trade pillar of the 14-nation Indo-Pacific Economic Framework for Prosperity (IPEF) will depend on what India receives in return

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By 2030, when our exports of goods and services would be USD 2 trillion each, I predict it will be USD 500–600 billion

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Regarding a free trade treaty with the US, the minister stated that the US is not seeking a new trade agreement with any nation.

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The US and other member nations in the Indo-Pacific region jointly launched the IPEF.

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The 14 IPEF partners account for 28% of worldwide commerce in products and services and 40% of the world's GDP

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Credit: Google

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He added that the trade agreements inked between 2008 and 2011 are "unbalanced and unfair," adding, "We do not do FTAs for the sake of FTA."

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