Despite the 50 per cent tariff hike imposed by the Donald Trump administration, India's exports to the US rose to $45.82 billion in the first half of current financial year (April-September) which represents a 13.3 per cent increase over the corresponding figure of $40.42 billion in same period last year.
The Commerce Ministry has stated that India can import more crude oil and natural gas worth $12-$13 billion from the US without altering configuration of the refineries. This government is keen to diversify the country's energy import portfolio, subject to availability at the right price.
Government sources indicated that India's Chief Negotiator Rajesh Agrawal is slated to leave for the US on Wednesday even as the negotiating team is already in the US and discussions are underway on bi