India-US Trade Deal: $500 Billion Imports from Chips to AI

Business
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News18•08-02-2026, 07:51
India-US Trade Deal: $500 Billion Imports from Chips to AI
- •India to import goods worth $500 billion from the US over the next five years.
- •Key imports include oil, gas, coking coal, aircraft, aircraft parts, precious metals, and advanced technology like GPUs for AI.
- •Immediate increases expected in crude oil, coking coal, aircraft, and parts, potentially replacing imports from other countries.
- •American coking coal may replace Indonesian imports due to lower price and better quality.
- •Achieving the $500 billion target depends on supply capacity and attractive deals from US companies, with potential supply challenges for high-tech products.
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