- India plans to buy $500 billion in US goods over five years, including energy products
- The agreement covers aircraft, aircraft parts, precious metals, and technology products
- Trade in technology products like GPUs and data center goods will be significantly increased
India plans to buy $500 billion worth of goods from the US over the next five years, including energy products, aircraft and aircraft parts, precious metals, technology products and coking coal, according to a joint statement.
The two countries will significantly increase trade in technology products, including Graphics Processing Units and other goods used in data centres, and expand joint technology cooperation, it said.
"India intends to purchase $500 billion of US energy products, aircraft and aircraft parts, precious metals, technology products and coking coal over the next five years," the statement said.
It added that the US and India commit to address discriminatory or burdensome practices and other barriers to digital trade and to set a clear pathway to achieve robust, ambitious and mutually beneficial digital trade rules as part of the bilateral trade agreement.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
