Our relationship is rooted in common values, including the rule of law, respect for diversity, and democratic government. We have a shared interest in promoting global security, stability, and economic prosperity through trade, investment, and connectivity. The U.S. supports India’s emergence as a leading global power and a key partner in our efforts to ensure that the Indo-Pacific is a region of peace, stability, and growing prosperity. On September 6, 2018, India will host Secretary Pompeo and Secretary Mattis for the inaugural 2+2 ministerial dialogue in New Delhi. This engagement will support increased diplomatic, security, and military cooperation to confront pressing global challenges, including the threat of terrorism. The strong people-to-people ties between our countries and our common values are a tremendous source of strength for our partnership.
Bilateral Economic Relations
The U.S. seeks to expand trade in a relationship that is open and fair with a level playing field on both sides. Bilateral trade increased by $12 billion in 2017, to $126.1 billion, and two-way investment to $45 billion. Since October 2018, Indian petroleum companies have placed orders for near 12 million barrels of crude oil from the U.S. with a value of approximately $580 million. The total number of Indian students in the U.S. has more than doubled over the last decade, from 81,000 in 2008 to 186,000 in 2017. Last year Indian students in U.S. colleges and universities contributed $6.54 billion to the U.S. economy.