A comprehensive report released by KPMG in India and AMCHAM on May 21, 2026, suggests that trade between India and the United States is entering an accelerated growth period. The findings project that bilateral commerce could reach the $500 billion milestone by 2030, supported by deeper integration across the manufacturing and services sectors.
During FY26, India's cumulative exports to the US climbed to $87.3 billion, which represents 20% of the nation's total merchandise exports. This steady expansion has been anchored by traditional strengths in textiles, machinery, and gems and jewelry, alongside a growing presence in high-tech industries.
- Supply chain realignment — India's cost advantages and talent pool make it a preferred partner for American firms.
- Healthcare integration — India currently provides nearly 40% of the generic medicines consumed in the US.
- Future growth drivers — Semiconductors, defense, and clean energy are expected to lead the next trade wave.
Neeraj Bansal, Partner at KPMG in India, noted that the upcoming phase will focus on execution. He remarked, "India's scale and talent base position it as a trusted partner for U.S. businesses as global value chains realign." The emphasis is now shifting toward translating policy momentum into tangible economic results through better regulatory coherence.
According to Manoj Kumar Vijai of the Mumbai office of KPMG, the US-India corridor is becoming a primary engine for global growth. He emphasized that strengthening logistics and ensuring predictable market access are essential for deeper economic ties. The report also highlights the need for MSME value-chain upgrades to ensure long-term energy security and technology assurance between the two nations.
