New Delhi: India and the United States can deepen strategic energy ties across the hydrocarbon value chain to expand bilateral trade to a shared goal of $500 billion by 2030, a report said.
The report from US-India Business Council and Grant Thornton Bharat said hydrocarbons, including LNG, crude oil, LPG, ethane and propane, will play a major role in expanded trade while unlocking new avenues for investment, strengthening energy security and enhancing supply chain resilience for both countries.
The India‑US energy relationship is evolving from a traditional buyer‑seller model into a strategic partnership spanning trade, investment, technology, infrastructure and energy security.
“The evolution of the India‑US energy relationship reflects the broader trajectory of our bilateral partnership-moving from transactional engagement to deeper strategic integration,” said Rahul Sharma, Managing Director, USIBC India.
“As trusted partners, India and the United States are uniquely positioned to collaborate across energy, technology and investment to strengthen energy security, support economic growth, and create new pathways for expanding bilateral trade in the years ahead,” he added.
The report urged three priority actions: expand the scale and value of hydrocarbon trade; create a more attractive, predictable investment environment; and diversify supply chains to strengthen long‑term energy security.
