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India-US trade may reach $500 bn over 10 years: Goyal

NEW DELHI: India and the US can reach trade deals of a much larger scale at a faster pace, and aim for a target of $500 billion in bilateral trade over the next 10 years from the existing $160 billion, commerce minister Piyush Goyal said on Tuesday.

The US and India have agreed to enter into negotiations on a Free Trade Agreement (FTA), Goyal said at a business conference, hours after President Donald Trump said trade negotiators of the two countries had made “tremendous progress on a comprehensive trade agreement” and he was  “optimistic” about a deal.

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Source: Hindustan Times