What are the key economic and trade goals that India and the United States have established for their bilateral relationship?

India and the United States have established an ambitious target of doubling their bilateral trade to $500 billion by 2030, demonstrating their commitment to strengthening economic ties. Both nations are actively working toward concluding a mutually beneficial trade agreement that will facilitate this substantial growth in commerce between the two countries. A major focus area of this partnership is energy security, with particular emphasis on oil and gas trade cooperation. Additionally, both countries plan to increase investments in energy infrastructure, including significant developments in nuclear energy sector. This comprehensive approach addresses India's energy security needs while creating opportunities for American energy companies. The collaboration represents more than just economic ambitions, as it strengthens diplomatic relations between the world's largest democracy and oldest democracy, establishing shared goals in global trade and security initiatives.