India-US 5th Commercial Dialogue meeting held in New Delhi.

  • The fifth India-US commercial dialogue meeting was held in New Delhi on 10 March 2023.
  • During the meeting, Union Commerce and Industry Minister Piyush Goyal and US Commerce Secretary Gina Raimondo acknowledged that bilateral goods and services trade has nearly doubled since 2014, surpassing US$191 billion recorded in 2022.
  • Both sides announced the launch of a new working group on talent, innovation and inclusive growth under the Commercial Dialogue. It will take forward cooperation on start-ups, SMEs, skill development and entrepreneurship, including digital and emerging technologies.
  • An MoU was signed between the two countries on establishing a semiconductor supply chain and innovation partnership under the framework of the Indo-US Commercial Dialogue.
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