New Delhi: US deficit claims in its bilateral trade-in-day trade, why they quote misleading for hard tariffs, because the Indians buy US services and weapons worth billions of dollars, Think-Tank said on Monday.
The Global Trade Research Initiative (GTRI) initiative said that calculations must take into account the trade in goods and services, while US data is only on goods.
He said that the US is actually sitting on a “hidden” economic surplus of $ 35-40 billion with India-giving the story of a unilateral business relationship where the US is buying much more than India.
The report found that the US earns $ 80-85 billion per year from India through industries such as education, digital services, finance, intellectual property and even weapons. Sales of weapons are not displayed in official issues.
“The store is just one piece of cake,” said Ajay Srivastava, co -founder, Gtri. “When India negotiates business agreements, they have to look at a full economic image. The US is already making money from India. They cannot claim the victim based on a narrow deficit.”
In FY2025 India recorded a trade surplus of $ 44.4 billion in the US in goods and services, according to data from the Ministry of the Ministry of Commerce. India exported $ 86.5 billion and USD $ 28.7 billion to the US, while importing $ 45.3 billion and $ 25.5 billion.
President Donald Trump, however, repeatedly exaggerated the gap and only in February claimed that the US would suffer $ 100 billion with India – more than twice the actual value.
However, business experts claim that even these official business deficits do not capture full economic reality.
If earnings from education, digital services, financial operations, license fees for intellectual property and arms sales are taken into account, the balance will actually move in favor of America and according to the GTRi report published on Monday.
“US universities are among the best recipients. Nearly 300,000 Indian students spend more than $ 25 billion a year in the US, including $ 15 billion on tuition and $ 10 billion in their living. They said the message, ”she said that the report she said,” she said in New York, ”.
“American technology giants such as Google, Meta, Amazon, Apple and Microsoft earn an estimated US $ 15-20 billion per year from Indian fast -growing digital market through digital ads, cloud services, app stores, software and subscriptions and streaming – most of which are back in the US.
The growing financial sector of India also increases US earnings. It is estimated that companies including Citibank, JPMorgan, Goldman Sachs, McKinsey, BCG, Deloitte, PWC and KPMG earn $ 10-15 billion from their work in the Indian financial sector, advise companies, manage business agreements and provide top services.
Another major source of American income comes from global centers (GCC) operated by companies such as Walmart, Dell, IBM, Wells Fargo, Cisco and Morgan Stanley in Indian technology centers such as Bengaluru and Hyderabad.
“These back-end offices are managing global technology, finance and analysts’ functions. Although most of the work takes place in India, the actual economic value is largely recorded in the US,” said the GCC generated estimated $ 15-20 billion in annual income through their Indian operations.
US pharmaceutical companies such as Pfizer, Johnson & Johnson and Merck earn an estimated $ 1.5-2 billion per year from India through patents, drug licensing and technological transfers, she said.
“American Auto Majors Like Ford and General Motors, Along with Their Component Suppliers, Generate Another $ 0.8-1.2 Billion From Licensing Agreements and Technical Services. Meanwhile, Hollywood Studios and US-Based Streaming Platforms Earn $ 1-1.5 Revenues, Subscripts, and Content Licensing, With Netflix Alone Reportedly Investing $ 400-500 Million Annally in Indian Content, ”The Gtri Said in Its Report.
Defense is another key area. While the accurate data remain classified, the US has sold billions of dollars, including aircraft, helicopters and tracking systems over the last decade. These trades often include long -term maintenance and technological contracts.
Meanwhile, people who were aware of India’s negotiating strategy, Mitin said that the new Delhi was aware of this imbalance and was unlikely that they would accept extensive American requirements – especially digital trade, public procurement and IP protection – without mutual benefits.
“If the US wants to focus closely on tariffs, India can do the same,” the clerk said on condition that he would not be appointed.
Interviews about the bilateral trade agreement (BTA) are in the final phase, and the Indian delegation at a high level led by the trade union trade by Piyush Goyal returned late Sunday after organizing negotiations with counterparts in Washington.
Interviews are the final phase and the first trance of the expected trade agreement is likely to be ordered to the 8th July-Termine to expire the validity of the mutual tariffs stored by the US to more than 60 countries.
(Tagstotranslate) bilateral trade
