Q. Which one of the following correctly explains the objective of the “Mission 500” trade initiative between India and the US?
Quarterly-SFG-Jan-to-March
Red Book

[A] It aims to increase bilateral trade to $500 billion by 2025

[B] It aims to double bilateral trade to $500 billion by 2030

[C] It aims to reduce trade barriers by 50% by 2030

[D] It aims to establish a $500 billion investment fund by 2030

Answer: B
Notes:

Explanation – This initiative seeks to more than double the current bilateral trade between India and the U.S. to reach $500 billion by the year 2030. It involves negotiations for a multi-sector bilateral trade agreement, reducing trade barriers, and enhancing economic cooperation across various sectors like technology, defence, and energy.

Source: The Hindu

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