BENGALURU: The bilateral trade between India and the U.S. is expected to increase to U.S. $500 billion from the current U.S. $100 billion, U.S. Ambassador to India Richard Verma said.
Verma said that India and the U.S. are two big democratic nations and have agreed on pushing a "better agenda".
The initiative is significant for the entire Asia, he said while addressing a function here.
Answering questions on trade between the two countries, he said it is said to increase from U.S. $100 billion to U.S. $500 billion.
The relationship between India and America has reached a new dimension after the two meetings between Prime Minister Narendra Modi and U.S. President Barack Obama, he said The two countries have agreed on cooperation in various fields like nuclear, defence and security, space, science, health and trade, he said adding there are immense possibilities of cooperation between India and the U.S.
The U.S. administration, he said, is working on implementation of the agreements agreed between Modi and Obama.
He further said America has given business visas to 10 lakh people which is 70 percent of the visa issues in the entire world.
He is in Punjab as part of America's outreach programme.
Also Read:
Kolkata, Mumbai, Bangalore In Fastest-Growing Global Cities List
Lookup To Raise $3 Mn; Twitter Co-Founder To Invest In Local App
Magazine : 
.jpg "Gurbinder Singh Punn: Enabling Leaders To Achieve Unencumbered Success Through Effective Coaching")
.jpg "Navigating Success Presenting Innovative Insights")
