India - America Trade relations
For the starters, United States is Indias largest trading partner.
Indias sizable exports to US - allow for Information Technology Services, textiles, machinery, ITeS, regalia and diamonds, chemicals, iron and steel products, coffee, bender, and other bite food products.
Indias higher imports from US - aircraft, fertilizers, computer hardware, scrap metal and medical equipments.
Additionally, America is also Indias largest investment partner. Americans have trumped-up telling investments in India ' s power genesis, telecommunications, ports, roads, petroleum exploration / processing, and mining industries.
India and US have signed a new Trade Policy Forum. The sub - divisions teem with: Agricultural Trade Circle and Impost and Non - Toll Barriers congregation.
Agricultural Trade Circle - The bevy specially focuses on three objectives: approving on terms that will simplify India to export mangoes to the United States, thereby sanctioning Agricultural and Process Food Products Export Development Authority ( APEDA ) to vouch Indian products to the standards of the U. S. Department of Agriculture, and implementing procedures for approving edible wax on fruit.
Tariff and Non - Tariff Barriers group - Insecticides manufactured by United States could be sold across the length and breadth of the country. Also, India has also agreed to cut regulations on buy / sell of carbonated drinks. Many medicinal drugs and lowering regulations on products those are not agricultural produce.
Both countries expressed interest in promoting small business initiatives in both countries by enabling trade between them..
The percentage of traded items from India to US
1. Diamonds & precious stones ( 25 % )
2. Textiles ( 29. 01 % )
3. Iron & Steel ( 5. 81 % )
4. Organic chemicals ( 4. 3 % )
5. Machinery ( 4. 6 % )
6. Electrical Machinery ( 4. 28 % )
The percentage of traded items from US to India
1. Engineering goods & machinery ( including electrical ) ( 31. 2 % )
2. Precious stones & metals ( 8. 01 % )
3. Organic chemicals ( 4. 98 % )
4. Optical instruments & equipment ( 7. 33 % )
5. Aviation & aircraft ( 16. 8 % )
Export of Indian Agro Exports to US
The export of Indian Agro products to US forms a significant component of Indian exports to US. The Indian government apparently plays an important role in the expansion and diversification of the agricultural products and food processing industrial sector of the country. It is reportedly one of the largest in terms of production, consumption, export and growth.
The main items of Indian Agro Exports to US are:
Rice and rice products
Fresh vegetables
Fresh fruits like mangoes, mango pulp, and grapes
Jaggery and confectionery
Cocoa products
Tea
Coffee
Vegetable seeds like dried nuts,
Floriculture
Pickle
Chutney
Livestock products
Cashew
Oilseeds
Cereal preparations
Spices
Alcoholic and non alcoholic beverages
Poultry products
Dairy products
Processed meat
Groundnuts
The Indian Agro Exports to US are popularly in demand for deep sea fishing, aqua culture, dairy products, and livestock and poultry sectors.
In the impending years, the government has chalked out plans to consolidate the cold chain network, transportation and warehousing, in order to cut down the wastage and to ensure the production is of high - quality standards. As per a recent survey, Indian Agro products are in great demand in the US markets. This will be a great encouraging factor for Indian Exporters. Indian mangoes are said to much better than Mexican mangoes, which are commonly available in the US market.
And not just mangoes, even India wine is in great demand in the western markets, For instance it is said that Indian brand of beer like Kingfisher is very popular in the US.
There is no denying the fact that US market is very competitive, so India has to in fact concentrate on enhancing the technological capabilities. Further, India has also to focus on the packaging aspect as well as timely delivery and maintenance of minimum yet rising quality standards. No doubt, the onset of e - commerce and globalization has smoothened the way for India for quite an extent. However, there are some non - traffic barriers that have prohibited many Indian items from entering the US markets.
