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India-US bilateral trade in goods and services increased from $104 billion in 2014 to $114 billion in 2016.

Two-way merchandise trade stood at $66.7 billion. Of this, India’s exports of goods to the US were valued at $46 billion and India’s imports of goods from US were valued at $21.7 billion. India-US trade in services stood at $47.2 billion. Of this, India’s exports of services to the US were valued at $26.8 billion and India’s imports of services from US were valued at

$20.3 billion.

During Prime Minister's visit to the U.S. in September 2014, the two sides set a target to increase bilateral trade in goods & services to $500 billion.