“Mission-500”: India, US Aim To Double Bilateral Trade To $500 Billion By 2030

Following the bilateral meeting between Prime Minister Narendra Modi and President Donald Trump, Foreign Secretary Vikram Misri provided a detailed overview of the key initiatives launched during the visit and said that the leaders launched Mission-500 in the sector of trade and investment, aimed at more than doubling two-way trade to USD 500 billion by 2030.

He said that the leaders unveiled the US-India Compact for the 21st Century, to accelerate military partnerships, commerce, and technological advancements.

In addition, both leaders committed to negotiating a multi-sector trade agreement by the fall of 2025, with an approach to strengthen trade across the goods and services sector, Mr Misri said.

Addressing a press briefing on Thursday (local time), Mr Misri said, “Two leaders jointly launched the US-India compact for the 21st century, for catalyzing opportunities in military partnership, accelerated commerce and technology. In the area of trade and investment, the leaders launched Mission-500, aiming to more than double total two-way trade to USD 500 billion by 2030.”