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US Earns $35-40 Billion Surplus From India Despite Trade Deficit Claims: GTRI
The Business Guardian
|May 27, 2025
US Officials to Visit India for Next Interim Trade Talks
The US, despite reporting a USD 44.4 billion trade deficit with India, runs a USD 35-40 billion overall surplus when revenues from education, digital services, financial activities, royalties, and arms trade are factored in, economic think tank GTRI said on Monday.
It said for India, this means it has every reason to walk into free trade agreement negotiations with confidence, pushing back hard against inflated deficit claims and demanding fair, balanced terms that reflect the full economic relationship, not just a narrow, cherry-picked slice of the ledger.
In 2024-24, the US has recorded a trade deficit of about USD 44.4 billion with India, which means Washington has imported far more goods and services from India than it exported.
US President Donald Trump has on multiple occasions highlighted this gap, accusing India of unfairly benefiting from trade.
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