The US-India Strategic Partnership Forum (USISPF) President and CEO, Mukesh Aghi, has underscored the pivotal role of exports in India’s journey towards a USD 5 trillion economy. Speaking at a recent USISPF event, Aghi emphasized that exports will be a major driver of job creation, addressing the pressing need to generate 1.2 million jobs per month.
“As India’s economy expands, exports will be a key engine of growth. It’s crucial to create jobs to prevent social unrest among the youth,” Aghi stated.
To further bolster economic ties, Aghi urged India and the US to intensify their economic engagement and aim for a bilateral trade target of USD 500 billion. He highlighted the strong alignment between the two nations, citing the significant contributions of Indian Americans to the US economy.
“Indian Americans, comprising 1.5% of the US population, contribute nearly 6% to the nation’s GDP. This demonstrates the deep-rooted economic and cultural ties between our two countries,” Aghi added.
While India and the US have been major trading partners, China recently surpassed the US as India’s largest trading partner in 2023-24. However, both nations are committed to strengthening their economic relationship and unlocking new opportunities for growth and prosperity.
