US targets $500bn India trade in three years, Ambassador Sergio Gor says

The United States wants to more than double its two-way trade with India to over $500 billion inside three years, up from a record $240 billion, its ambassador to India has said.

Sergio Gor laid out the target at the Freedom 250 reception in Mumbai, according to The Economic Times. He said President Donald Trump had given him one brief: “Deliver results. Don’t just talk about the future. Make it happen.”

“In their recent discussions, President Trump and Prime Minister Modi reaffirmed that commitment,” Gor said. “Today, our bilateral trade has shattered records, reaching over $240 billion. We have an ambitious goal. We are laser-focused on driving that number past $500 billion in the next three years.”

The expansion will centre on future-facing sectors: semiconductors, critical minerals, energy, defence and superintelligence. Gor framed the alliance as one that “climbs”, “rooted deep in fundamentals, accelerating upward at record speed, and heading straight for the stars”, stretching from undersea data infrastructure to commercial space exploration.

Mumbai hosts more than 500 major American companies, including Google, Meta, IBM, Procter & Gamble and Pfizer, while US institutional investors are the largest foreign-capital block in Indian equities traded on the city’s exchanges: “a massive vote of confidence in India’s economic trajectory”, as reported by Lokmat Times.

The pledge lands days after US Secretary of State Marco Rubio said Washington was “very close” to finalising a trade deal with India ahead of his Mumbai visit to meet External Affairs Minister S Jaishankar.

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