New Delhi, May 21 (IANS) US-India trade is entering a high‑growth phase and could reach $500 billion by 2030 driven by stronger supply chains, technology collaboration and deeper integration across manufacturing and services, a report said on Thursday.

The report from KPMG in India and AMCHAM said bilateral trade has expanded steadily in recent years, with India’s cumulative exports to the US reaching $87.3 billion in FY26, accounting for 20 per cent of total merchandise exports.

Electronics, textiles, pharmaceuticals, machinery and gems and jewellery continued to anchor bilateral trade.

“As global value chains realign, India’s scale, cost advantage and talent base position it as a trusted partner for U.S. businesses. The next phase will be defined by execution, translating policy momentum into resilient, long term economic outcomes,” said Neeraj Bansal, Partner and Head- India Global, KPMG in India.

With strong momentum across key sectors such as electronics, pharmaceuticals and high-value services, the focus is now on translating opportunity into execution through tighter supply linkages, regulatory coherence and predictable market access.

The report outlined that the U.S.-India corridor is emerging as a key engine of global growth, underpinned by rising trade volumes, expanding sector-specific linkages and increasing strategic alignment across manufacturing, technology, energy and talent mobility.

As trade expands across key sectors and new opportunities emerge in manufacturing, energy and technology, the focus must shift towards execution, strengthening supply chains, improving market access and ensuring regulatory predictability, said Manoj Kumar Vijai, Non-Executive Chairman, Office Managing Partner, Mumbai.

India supplies nearly 40 per cent of generic drugs used in the U.S., reinforcing its role in global healthcare supply chains.

The report noted that strengthening logistics, regulatory coherence and standards alignment remain critical to deeper economic integration for both countries.

Semiconductors, defence and clean energy are expected to drive the next wave of growth opportunities, it forecasted, adding that strategic priorities include manufacturing integration, technology assurance, MSME value-chain upgrade and energy security.

—IANS

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