A robust economic relationship Updated: Updated: From an industry perspective, U.S.-India collaborations in certain areas will bring many gains Share Article From an industry perspective, U.S.-India collaborations in certain areas will bring many gains Under the new U.S. administration, the economic relationship with India can be expected to be on the radar as India has enjoyed bipartisan support in the U.S. A closer economic partnership would bring gains to both sides in terms of GDP, employment, and productivity, given the complementary natures of their economies. From the industry perspective, a robust collaborative agenda would rest on a comprehensive set of actions which can take bilateral trade in goods and services to the desired goal of $500 billion. In the five years to 2019, bilateral trade grew at a CAGR of 7.7% per year to $146 billion. If we assume the same rate of growth, the $500 billion target will be achieved by 2036. To ensure this, the CAGR would need to be set at 11.9%. This is doable if the right policy actions are taken. CII has outlined key areas for collaboration.