India-US Trade: Piyush Goyal Says $500 Billion US Imports 'Not Difficult'

• Union Commerce Minister Piyush Goyal states India can easily import $500 billion from the US in five years, calling the figure "very conservative."
• India's total import needs could reach $2 trillion in five years, creating significant opportunities for competitive US exporters.
• A framework for the first phase of a bilateral trade agreement is finalized, with India intending to purchase energy, aircraft, precious metals, tech, and coking coal.
• The aviation sector is identified as a major driver, with existing Boeing orders and future needs potentially leading to over $100 billion in aviation imports.
• Growing demand for coking coal, advanced technology, and high-end equipment for sectors like AI and data centers will further boost US imports.