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US, India plan to boost bilateral trade in energy, defence: Officials

India and US have developed close political and security ties. But bilateral trade, which stood at $126 billion in 2017, is widely seen to be performing at nearly a quarter of its potential

Reuters  |  New Delhi 

The United States and India plan to boost bilateral trade in energy, aerospace, defence, pharmaceuticals and healthcare as part of a continuing commercial dialogue, officials from both governments said on Thursday. They have set up seven working groups of chief executives with top US and Indian firms that will focus on financial trade and investments as well as bring together small and medium enterprises (SME) from the two countries. "The working groups have been formed among the CEOs. They will be providing recommendations to the government," Kenneth Juster, US ...

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First Published: Thu, February 14 2019. 20:20 IST