India Plans USD 500 Billion Goods Purchase From the US Over Five Years

Trade Focus on Energy, Technology, Aviation and Critical Materials​

India has outlined plans to purchase goods worth USD 500 billion from the United States over the next five years, covering a wide range of sectors including energy products, aircraft and aircraft components, precious metals, technology products and coking coal, according to a joint statement released on Friday.

The statement said the proposed purchases would span strategic and industrially critical segments, reflecting an effort to deepen bilateral trade ties between India and the United States.

Push for Technology Trade and Data Centre Equipment​

Both countries also plan to significantly expand trade in technology products. This includes items used in data centres such as Graphics Processing Units, along with other advanced technology goods.

The joint statement highlighted that the two sides aim to scale up technology cooperation alongside increased trade flows in this segment.

Digital Trade Rules and Market Access Commitments​

As part of the broader bilateral trade engagement, India and the United States committed to addressing discriminatory or burdensome practices and other barriers affecting digital trade.

The statement added that both countries intend to establish a clear pathway towards robust, ambitious and mutually beneficial digital trade rules under the proposed bilateral trade agreement, with the objective of improving market access and regulatory clarity for digital commerce.

Long-Term Trade Engagement Framework​

The planned USD 500 billion procurement over five years forms part of a wider effort to strengthen economic cooperation across goods, technology and digital trade, as outlined in the joint statement.