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Mihir Parekh and Nitya Srinath of the Foundation for Economic Development say every delay in finalizing a US-India trade deal increases exporters’ risks, complicates pricing and accelerates job losses in labor-intensive groups.
Since 1992, India’s merchandise trade with the US has grown more than 20-fold, from about US$6 billion to more than US$130 billion today. In FY25, India’s exports to the US stood at around US$90 billion or about 20% of India’s total exports, making it India’s largest export destination by a wide margin.
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