US trade deficit with India declined to $17 billion in 2018-19 from $22 billion in 2016-17 as India started importing oil and gas from America in 2017. In 2018-19, India’s crude oil import from the US stood at $3.6 billion and LNG import at $527.14 million.
from News-Economic Times https://ift.tt/2vPFv2v
Deal likely for more US oil, gas to trim trade gap
February 19, 2020
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