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India's exports to the U.S. are projected to reach $77.5 billion in FY24, growing at a 10.3% CAGR over three decades, according to a Bank of Baroda report. The U.S. has consistently emerged as a vital market, with its share of India's exports rising from 16.4% in FY92 to 18% in FY24. The report notes that exports to the U.S. have generally outpaced India's overall export growth since FY00, except during the 2008 global financial crisis. Post-2010, exports rebounded strongly, reflecting sustained demand for Indian goods in the U.S. and strengthening bilateral trade ties.
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