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India, Us defence trade to reach Rs.1.2 Lakh Crore

Updated: Nov 25, 2019

The US Department of Defence said that the bilateral defence trade between India and the US is expected to reach $18 billion (over Rs.1.2 lakh crore) by the end of 2019. The statement comes before the 9th India-US Defence Technology and Trade Initiative (DTTI) meeting in New Delhi.


US-India:

  • The US Department of Defence reaffirmed its commitment to strengthening its partnership with India.

  • In 2008, the bilateral defence trade was 0 between India and the US.

  • The US also admitted the India Strategic Trade Authority Tier 1 designation to Indian in August 2018. It provides India with greater supply-chain efficiency by allowing American companies to export a greater range of dual-use and high-technology items to India under streamlined processes.


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