India's $500 Billion US Import Goal: Ambitious or Unrealistic?

• Emkay Global deems India's $500 billion US import target over 5 years as aspirational, not realistic, citing that "the math doesn't add up."
• Achieving the target requires average annual imports of $100 billion, double current levels, and sustained growth.
• Even with significant aircraft purchases, the target remains challenging due to competition and policy limitations.
• A more realistic scenario projects US imports reaching $125-140 billion annually by FY31, driven by gradual shifts in crude oil, natural gas, defense, machinery, and electronics.
• Defense and electronics are identified as high-growth levers, potentially contributing significantly to future import figures.