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1.8. The Economy
1.8.1. Trade
♤ India-US bilateral trade in goods and services increased from $104 billion in 2014 to $114 billion in 2016.
1.8.2. Investment and Development
♤ There are several dialogue mechanisms to strengthen bilateral engagement on economic and trade issues, including a Ministerial level Economic and Financial Partnership.
1.8.3. Major issues of Contention in Economy
o Export Subsidies: In March 2018, USA filed a complaint at the WTO about India’s
1.8.4. Major Issues: IPR
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