India's $500 Billion US Import Plan: Goyal Reveals Key Sectors

• Commerce and Industry Minister Piyush Goyal detailed how India plans to spend $500 billion on US imports as part of a new trade agreement.
• The $500 billion bilateral trade target includes both increased exports and sourcing from the US.
• Key import categories include aircraft and related components (over $100 billion), data center equipment and ICT hardware ($100–150 billion), and energy imports, steel, and infrastructure-linked inputs (about $250–300 billion).
• Existing aircraft orders with Boeing are already valued at $70–80 billion, expected to exceed $100 billion with parts.
• The trade pact between the Modi and Trump administrations is anticipated to become a legal agreement by mid-March.