India-US Launch Mission-500 to Boost Bilateral Trade

On 13th February 2025, Indian Prime Minister and US President announced several initiatives to enhance India-US trade and defense ties, including the ambitious Mission-500 to increase bilateral trade to USD 500 billion by 2030.

Key Points:

Mission-500: Aimed at more than doubling India-US trade to USD 500 billion by 2030.
US-India Compact for the 21st Century: Strengthens cooperation in defense, commerce, and technology.
Bilateral Trade Agreement: Negotiations for a multi-sector agreement to begin, with the first phase expected by fall 2025.
Major Defense Partnership: A new 10-year defense framework (2025-2035) focusing on co-production and procurement agreements.
Diplomatic Significance: PM Modi’s visit marks his first to the US since Trump’s second term began, highlighting the deepening India-US strategic partnership.