U.S.-India trade more than doubled since 2000
Trade between the United States and India has grown 169 percent in the last 10 years, to $38.5 billion in 2010, according to statistics compiled by Veritrade.
In that time, U.S. exports to India have increased almost 350 percent since 2000, making India the 17th-largest market for U.S. products and representing 1.6 percent of all U.S. exports.
Leading U.S. exports to India are non-industrial diamonds, gold (unwrought or bars), civilian aircrafts, heavy machinery, boilers and mechanical appliances, electrical machinery, equipment/parts, and fertilizers.
Meanwhile, U.S. imports from India have grown 107 percent, with pharmaceutical imports alone increasing from $5.9 million in 2000 to $1.7 billion, a massive 28,000 percent increase.
Other extraordinary import growth from India included organic chemicals (368 percent increase), iron made articles (340 percent), machinery and mechanical appliances (428 percent) and electrical machines (412 percent).
U.S. imports from India are still being lead by non-industrial diamonds, jewelry, and textile garments, which together account for about 40 percent of total U.S. imports from India.