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India’s imports from the US have gone up by 3.88 per cent from $21.5 billion to $22.34 billion and exports have gone up by 13 per cent from $36.15 billion to $40.85 billion during 2012.
The total Indo-US trade in merchandise goods for the calendar year 2012 (January-December) was $62.85 billion with a balance-of-trade surplus of $18.18 billion in favour of India. This is an increase of 9.66 per cent over the same period in the previous year.
The recent opening up of the Indian economy and policy reforms in multi-brand retail, civil aviation and banking amendments will further boast bilateral trade and investments between the two countries said R.K. Chopra, Secretary-General of the Indo-American Chamber of Commerce.
jayanta.mallick@thehindu.co.in
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