India is planning a major expansion of imports from the United States, with Commerce and Industry Minister Piyush Goyal outlining a potential $500 billion import plan over five years to strengthen bilateral trade ties and meet rising domestic demand. Goyal said India’s growing economy will generate import demand of nearly $2 trillion over the next five years, of which a significant share may come from the U.S., provided American suppliers remain competitive. Currently, India imports approximately $45 to$50 billion in goods annually from the U.S., mostly in areas where domestic production is limited.
Under this framework, India would purchase U.S. products across several high-value sectors. The aviation sector is expected to be a key driver, with existing. The Boeing aircraft order alone is worth approximately $50 billion, and overall aviation-related imports, including engines and spare parts, could total $80-$100 billion over the period. Beyond aviation, energy products such as crude oil, LNG, and LPG, advanced information and communication technology (ICT) equipment, Nvidia chips and AI and automation computing hardware, and industrial machinery are among the technology-intensive products that will be increasingly in demand as India promotes data centres and AI infrastructure.
You Might Also Like: https://tradeflock.com/us-tariffs-deduction-sparks-relief-in-india/
Piush Goyal and officials stressed that this $500 billion figure reflects intent and opportunity based on projected commercial needs, not a binding contractual obligation. Trade decisions will remain guided by price, quality, and strategic considerations. India and the U.S. have also agreed on a trade framework covering tariff reductions, which could enhance the competitiveness of U.S. goods in the Indian market. The broader arrangement aims to boost economic cooperation while supporting India’s growth in a sector where import demand is rising rapidly.
