India-US business poised to grow five-fold: USIBC

The bi-lateral trade between India and the United States is poised to grow five-fold from the current $100 billion to $500 billion, a Indo-US business body has said.

"Trade between the United States and India is poised to grow from $100 billion to the $500 billion in the next few years," said Mukesh Aghi, president of the US-India Business Council (USIBC) yesterday.

USIBC member companies are united in their efforts and actions to build both the Indian and US economies as attractive destinations for investment and to create jobs and opportunities for citizens to grow and prosper, he said.

"To turn this vision into reality, we need a strong foundational relationship between governments and businesses," Aghi said.

Meanwhile, USIBC had hosted a executive committee briefing for the US Ambassador to India Richard Verma.