US wants to reduce trade deficit with India soon, says official
Updated : July 26, 2018 03:56 PM IST
Alice G Wells identified defence, aviation and energy as the three sectors which would play a key role in reducing the trade deficit over the long term.
"In aviation alone, Boeing estimates that over the next 20 years there is going to be $ 290 billion sales," Wells said, adding that India-US defence trade is expected to grow to $ 18 billion by 2019.
US nuclear energy powerhouse Westinghouse is engaged in negotiations to build six AP1000 nuclear reactors in India as part of the landmark US-India civilian nuclear agreement.
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